EUR/USD
1.17093
0.192%
Gold
4361.89
0.831%
Oil
56.925
0.021%
USD/JPY
150.088
-0.227%
GBP/USD
1.34519
0.129%
GBP/JPY
201.900
-0.092%
Real-time News
YTO Express (09956.HK): Trading of shares on the Hong Kong Stock Exchange will resume from 1:00 p.m. on October 17, 2025.According to user reports from DownDetector, a network status monitoring website, 1,943 users in the United States reported service problems with Verizon (VZ.N).I. 1971-Early 1980: The Famous "Super Bull Market" 1. Growth: The price of gold rose from approximately $35 to approximately $850, an increase of approximately 24-fold. 2. Driving Factors: ① The weakening of the US dollars credibility: The collapse of the Bretton Woods system led to the decoupling of the US dollar from gold and its sharp devaluation, which led to a market revaluation of gold. ② The outbreak of the oil crisis: The two oil crises of 1973 and 1979 saw skyrocketing oil prices, driving global inflation and plunging the US economy into stagflation. ③ Geopolitical Conflict: Geopolitical tensions such as the ongoing US-Soviet Cold War, the Iranian Revolution, and the Iran-Iraq War stimulated safe-haven demand, leading to an influx of funds into gold. II. 2001-2011: The Ten-Year Long Bull Market 1. Growth: The price of gold rose from approximately $250-300 to approximately $1,920, a nearly seven-fold increase. 2. Driving Factors: ① A series of crises: From the bursting of the dot-com bubble in 2001, the 9/11 attacks, to the global financial crisis in 2008, market panic surged, increasing safe-haven demand. ② The introduction of easing policies: In the early 2000s, the Federal Reserve cut interest rates several times to combat the economic recession. Following the financial crisis, it also implemented quantitative easing, which lowered the cost of holding gold. ③ Commodity inflation: Driven by rising commodity prices (oil and raw materials), some market participants used gold as an inflation hedge. III. Q4 2022 to Present: Continued New Highs 1. Rise: Gold prices began rising from approximately $1,600, reaching $4,380 on October 17, 2025, a nearly threefold increase. 2. Driving Factors: ① Global de-dollarization: Excessive US debt levels have raised market concerns about the long-term creditworthiness and purchasing power of the US dollar. Central banks around the world have continued to increase their gold holdings to diversify their foreign exchange reserves and mitigate dollar risks. ② Geopolitical and trade tensions: The Russia-Ukraine conflict has persisted for years, becoming protracted and normalized. Trumps tariff war has heightened risk aversion in the market, driving inflows into safe-haven assets like gold. ③ The Federal Reserve has begun a cycle of interest rate cuts: Since last year, the Federal Reserve has officially entered a cycle of rate cuts, with real interest rates falling significantly. The recent US government shutdown and the resurgence of regional bank risks have further reinforced market expectations for a Fed rate cut.On October 17th, US President Trump filed another defamation lawsuit against The New York Times and several journalists on Thursday, accusing the outlet of attempting to undermine his 2024 campaign and disparage his business reputation. A federal judge had previously dismissed his initial lawsuit as lengthy and rambling. The revised complaint, filed Thursday evening, was reduced to 40 pages, less than half the original. Michael S. Schmidt, a New York Times reporter listed as a defendant in the original complaint, has been removed. Also omitted were numerous lengthy tributes to Trump, such as calling his 2024 election victory "the greatest personal and political achievement in American history." Consistent with the original complaint, the revised complaint still seeks $15 billion in damages.On October 17, local time, former Japanese Prime Minister Fujio Murayama passed away at the age of 101.
