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Market News Gold suffers biggest one-day drop in years, Citi expects it to fall to 4000 in the next three months!
Markets News
Gold suffers biggest one-day drop in years, Citi expects it to fall to 4000 in the next three months!
TOPONE Markets Analyst2025-10-22 08:46:00
Hot spot tracking
- Citigroup has turned bearish on gold prices, expecting them to fall to $4,000 within the next three months. This news is negative for gold.
- OpenAI: Launches ChatGPT Atlas, an AI-driven web browser built on ChatGPT. This news is positive for OpenAI.
- According to The Information: Nvidia is discussing providing loan guarantees for OpenAI. This news is bullish for OpenAI.
Product Hot Comment
ForexProduct Yesterday's Change Yesterday's Close Today's Open EUR/USD ▲0.04% 1.16073 1.16028 GBP/USD ▲0.03% 1.33739 1.33702 AUD/USD ▼-0.06% 0.64845 0.64887 USD/JPY ▼-0.18% 151.599 151.872 GBP/CAD ▼-0.05% 1.87323 1.87414 NZD/CAD ▲0.10% 0.80505 0.80421 📝 Review:On Tuesday, market optimism about the trade deal boosted the US dollar, with the dollar index hitting a six-day high and ultimately closing up 0.36% at 98.95. The benchmark 10-year US Treasury yield ended at 3.974%, while the policy-sensitive 2-year US Treasury yield closed at 3.463%.🕵️ Operation suggestion:USD/JPY 151.758 Buy Target Price 152.485
GoldProduct Yesterday's Change Yesterday's Close Today's Open Gold ▼-2.94% 4004.58 4125.89 Silver ▼-2.29% 47.534 48.646 📝 Review:Gold and silver experienced their most severe sell-off in years on Tuesday, as investors locked in profits amid concerns that recent historic gains had left them overvalued. Spot gold plummeted by up to 6.3%, marking its largest single-day decline since April 2013, and ultimately closed down 5.31% at $4,124.36 per ounce; spot silver ended down 7.11% at $48.66 per ounce.🕵️ Operation suggestion:Gold 4027.92 Sell Target Price 3981.29
Crude OilProduct Yesterday's Change Yesterday's Close Today's Open WTI Crude Oil ▼-0.30% 57.364 57.538 Brent Crude Oil ▼-0.28% 61.199 61.373 📝 Review:Oil prices rose as the United States plans to purchase 1 million barrels of crude oil to replenish the U.S. Strategic Petroleum Reserve. WTI crude oil approached the $58 mark during the session, ultimately closing up 1.14% at $57.57 per barrel; Brent crude oil ultimately closed up 1.03% at $61.58 per barrel.🕵️ Operation suggestion:WTI Crude Oil 57.382 Sell Target Price 55.786
IndiceProduct Yesterday's Change Yesterday's Close Today's Open Nasdaq 100 ▼-0.19% 25063.55 25112.35 Dow Jones ▼-0.13% 46901 46959.7 S&P 500 ▼-0.15% 6729.05 6739.25 US Dollar Index ▼-0.07% 98.71 98.78 📝 Review:The Dow Jones Industrial Average closed up 0.47%, the S&P 500 edged higher, and the Nasdaq fell 0.16%. Precious metal concept stocks plunged, with Gold Fields (GFI.N) and Harmony Gold (HMY.N) both dropping over 11%. Navitas Semiconductor (NVTS.O) fell 12%, General Motors (GM.N) surged nearly 15%, and Google (GOOG.O) declined over 2%. The Nasdaq Golden Dragon China Index dropped 0.97%, Alibaba (BABA.N) fell nearly 4%, while Bilibili (BILI.O) rose almost 6%.🕵️ Operation suggestion:Nasdaq 100 25080.150 Buy Target Price 25272.658
Calendar
14:00 (GMT+8): UK September CPI Month-on-Month- 14:00(GMT+8): UK September Retail Price Index Month-on-Month
- 22:30 (GMT+8): U.S. EIA Crude Oil Inventories for the Week Ending October 17
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