GOLD

GOLD weekly special report based on 1.00 Lot Calculation:

USA: GOVERNMENT SHUTDOWN ENTERED ITS 10^TH DAY (October 10, 2025)

• BREAKING (WEDNESDAY, OCTOBER 1 AT 05:00 AM GMT+1): US GOVERNMENT SHUTDOWN BEGAN WITH NO DEAL IN SIGHT. According to Reuters, U.S. President Donald Trump and his Democratic opponents made no progress in ending the government shutdown. Without passage of funding legislation, parts of the government have remained closed since Wednesday (October 1).

CHINA: CONTINUED BUYING GOLD FOR ELEVEN CONSECUTIVE MONTHS IN SEPTEMBER 2025:

• CHINA GOLD RESERVES UP TO 74.06 MILLION OUNCES IN SEPTEMBER 2025, 11 MONTHS IN A ROW OF PURCHASES: China has managed to increase its gold reserves from 74.02 million ounces in August to a new, 74.06 million ounces in September. This is their eleventh consecutive increase in gold reserves on a monthly basis.
• CHINA IS NOW THE 6TH LARGEST HOLDER OF GOLD IN THE WORLD, AFTER IT REACHED A RECORD HIGH RESERVES IN 2024. China stands behind the USA, Germany, Italy, France, and Russia. In 2024, the People's Bank of China expanded its gold reserves by 44.17 tons, bringing the total to a record-high 2,279.57 tons, making it the sixth-largest globally.

EVENTS:

• FRIDAY, OCTOBER 10 AT 22:00 GMT+1: US PRESIDENT DONALD TRUMP TO MAKE ANNOUNCEMENTS FROM THE OVAL OFFICE. US President Trump has been scheduled to speak on Friday, with no agenda on what he will address yet released. Possible topics could be related to Nobel Peace Prize announcements, the Israel-Hamas deal, the ongoing US government shutdown, or the Russia-Ukraine conflict.
• WEDNESDAY, OCTOBER 15 AT 13:30 GMT+1: US INFLATION (CPI) (SEPTEMBER). Despite the ongoing US government shutdown, latest reports have said that US inflation data could still be released, with the office workers expected to work harder to get the data out. In August, US inflation rose to 2.90%, up from July’s 2.70%. This would be the last inflation report before the Fed’s interest rate decision on October 29.

US FEDERAL RESERVE:

• BREAKING (SEPTEMBER 17): US FEDERAL RESERVE CUT INTEREST RATE TO 4.25% FROM 4.50%, ITS FIRST INTEREST RATE CUT SINCE DECEMBER 2024. The Federal Reserve policymakers said they expect to see 2 more rate cuts by the end of 2025, to slash current rates to 3.75%.
• NEXT FEDERAL RESERVE MEETING AND INTEREST RATE DECISION: October 29. Interest rates are expected to be further cut to 4.00%.
• DECEMBER 10: The US Federal Reserve is expected to finish the year 2025 by cutting the rates to 3.75% on December 10.

TECHNICAL ANALYSIS:

• SUPPORT: $3,900 - $3,850. After hitting fresh all-time highs ($4,059.02), gold prices have recently pulled back below $4,000, but still above the support area of $3,900 - $3,850. However, there remains a risk of a potential breakout below this level if market conditions change.
• UPTREND SINCE JANUARY 2025: Gold prices have been trading in an uptrend since January 2025. Since the beginning of January 2025, Gold prices have risen by around 55%. However, a shift in direction remains possible.
• ANALYSTS’ OPINION: Goldman Sachs forecasts $4,900; J.P. Morgan forecasts $4,200 - $4,500; UBS forecasts $4,200; Julius Baer forecasts $4,500; TD Securities forecasts $4,400.

GRAPH (Daily): April 2025 – October 2025

Please note that past performance does not guarantee future results

GOLD, October 10, 2025.
Current Price: 3,957

Example of calculation base on weekly trend direction for 1.00 Lot¹

1. 1.00 lot is equivalent of 100 units
2. Calculations for exchange rate used as of 08:00 (GMT+1) 10/10/2025

There is a possibility to use Stop-Loss and Take-Profit.

• You may wish to consider closing your position in profit, even if it is lower than suggested one.
• Trailing stop technique could protect the profit.