Key Takeaways
- Gold tumbled more than 5% after hitting record highs, marking its sharpest one-day drop since 2020 as traders locked in profits.
- Hopes for a Trump–Xi summit steadied U.S.–China relations, while talks with Russia stalled amid a rejected Ukraine ceasefire.
- U.S. inflation data due Friday is expected to confirm a cooling trend, reinforcing bets on a Federal Reserve rate cut next week.
- Bitcoin slipped toward $108K, while gold steadied near $4,120 as investors balanced rate optimism with safe-haven demand.
Crypto Morning News: Geopolitics & Market Sentiment
On October 22, 2025, markets were mixed as investors digested the sharpest fall in gold prices in five years, ongoing U.S. political uncertainty, and steady earnings from blue-chip companies.
On the diplomatic front, the week began with President Donald Trump preparing to meet China’s President Xi Jinping in South Korea, a move seen as a step toward easing months of trade and technology friction.
However, optimism was tempered by new tension elsewhere: a planned Trump–Putin summit was put on hold after Moscow rejected a ceasefire proposal in Ukraine, dampening hopes for progress in peace talks.
European diplomats said they were working with Kyiv on a new plan to freeze fighting along existing battle lines.
In Latin America, Trump’s threat to impose steep tariffs on Colombia marked a major shift from Washington’s long-standing cooperation on anti-narcotics policy, drawing regional criticism.
In Britain, Finance Minister Rachel Reeves warned that Brexit and years of deep public spending cuts had hit the economy harder than expected, as she prepared a budget likely to include targeted tax rises and measures to ease living costs.
The comments came as public borrowing reached record levels outside of the pandemic years, underscoring fiscal pressures ahead of the November budget.
On the economic front, attention turned to the upcoming U.S. inflation report, delayed by the government shutdown but expected to show consumer prices rising 3.1% year-on-year. Traders remain almost certain the Federal Reserve will cut rates by 25 basis points next week, reinforcing the view that the central bank is moving from containment to risk management mode.
Meanwhile, Gold’s dramatic pullback dominated commodities trading, with spot prices plunging more than 5% to near $4,115 per ounce after touching a record $4,381 just a day earlier. Analysts attributed the selloff to profit-taking after months of safe-haven buying and central bank accumulation. Silver followed suit, tumbling over 7%, while oil edged higher after bouncing off recent lows.
In Crypto, sentiment weakened in step with the broader risk mood. Bitcoin slipped nearly 2% to around $108,600, while Ethereum fell below $3,900 and Solana hovered in the upper $180s. Analysts said the market remains sensitive to dollar strength and macro headlines, with traders awaiting Friday’s CPI data for direction ahead of next week’s Fed decision.
Price movements
Global Indices
- S&P 500 Index (SPX): 6,735.34 (+0.20%)
- Dow Jones Industrial Average (DJI): 46,924.74 (+0.47%)
- Nasdaq Composite Index (IXIC): 22,953.67 (−0.16%)
- Nikkei 225 Futures (NK2251!): 49,380.0 (+0.47%)
- FTSE 100 (UKX): 9,416.5 (+0.02%)
Cryptocurrencies
- Bitcoin (BTCUSD): 108,585 (−1.80%)
- Ethereum (ETHUSDT): 3,868.73 (−2.78%)
- Binance Coin (BNBUSDT): 1,057.37 (−3.89%)
- Solana (SOLUSDT): 186.66 (−1.61%)
- BTC Dominance (BTC.D): 59.75% (+0.19%)
Major Stocks
- Nvidia (NVDA): 181.16 (−0.81%)
- Tesla (TSLA): 441.32 (−1.08%)
- Microsoft (MSFT): 517.66 (+0.17%)
- Meta Platforms (META): 733.27 (+0.15%)
- Apple (AAPL): 262.77 (+0.20%)
- Amazon (AMZN): 222.03 (+2.56%)
Commodities
- Silver (XAGUSD): 48.505 (−0.32%)
- Gold (XAUUSD): 4,126.17 (+0.04%)
- WTI Crude Oil (USOIL): 57.58 (+0.02%)
- Brent Crude (BRENT3!): 68.166 (−3.68%)
Forex
- U.S. Dollar Index (DXY): 98.602 (+0.38%)
- EUR/USD: 1.1600 (+0.01%)
- GBP/USD: 1.33678 (0.00%)
- USD/JPY: 151.934 (0.00%)
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