Gold Analysis: Gold Prices Now $4242 and Still on a Record Track – 16 October 2025
Gold (XAU/USD) surged to an all-time high of $4,242 as safe-haven demand rises amid global tensions, Fed rate cut bets, and strong ETF and central bank buying.

Gold (XAU/USD) surged to an all-time high of $4,242 as safe-haven demand rises amid global tensions, Fed rate cut bets, and strong ETF and central bank buying.
The EUR/USD is testing key resistance after forming a potential double bottom, but weak bullish momentum and strong overhead resistance keep bears in control for now.
USD/MYR remains tightly range-bound near 4.2270, with traders watching resistance at 4.2315 and support at 4.2170 as the pair reacts cautiously to broader market noise.
USD/ILS remains near 3.30050 as low post-holiday volume and continued Shekel strength raise the potential for another test of recent lows near 3.27000.
Shiba Inu (SHIB) is holding above key support at $0.00001019, with traders watching for a breakout above $0.00001047 that could spark a short-term rally.
The EUR/USD pair trades around 1.1650 early in the American session on Thursday, holding on to modest intraday gains.