Gold: Breaching 4000 – OCBC

Gold extended its run-up above another fresh intra-day high of 4040, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Underlying momentum remains bullish

"US government shutdown persisted, raising concerns on broader economic activity. Underlying momentum remains bullish while RSI is in overbought conditions. Resistance at 4120 (161.8% ext). Support at 3890, 3775 (21 DMA). Recent rally underscores Gold’s unique role as both a hedge against geopolitical stress and a store of value in times of policy and institutional uncertainty."

Oct 8, 2025

AUD/USD slides further to near 0.6560 as US Dollar extends rally

The AUD/USD pair trades 0.2% lower to near 0.6560 during the European trading session on Wednesday. The Aussie pair extends its Tuesday’s downside move as the US Dollar (USD) continues to outperforms its peers, following political developments in Japan and France.

Gold breaks above $4,000/oz – ING

Spot Gold extended its rally to top $4,000/oz for the first time this morning, as concerns over the US economy and a government shutdown boost demand for safe havens, ING's commodity experts Ewa Manthey and Warren Patterson note.