Financial News Hub
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Gold Prices Soar Nearly $100/oz in a Single Session – SPDR Gold Trust Buys Nearly 2 Tons: What’s Behind This Surge?
The global gold market has just witnessed one of its most dramatic trading sessions in years. Within only 24 hours, gold prices skyrocketed by nearly $100 per ounce, marking the strongest one-day jump since the beginning of the year. At the same time, SPDR Gold Trust the world’s largest gold-backed ETF quietly added almost two tons of gold to its holdings, sending shockwaves through the investment community.
Retaliation or Escalation? The Rapidly Fading Trust Between the U.S. and China
The relationship between the United States and China has long been defined by alternating phases of competition and cautious cooperation. But in October 2025, tensions have entered a new chapter. From tariff hikes and export restrictions to strategic control over rare-earth materials, the world’s two largest economies are no longer merely sparring they are openly questioning each other’s intentions. The fragile trust that once existed is now dissolving faster than ever.
When the World Shook over Trump’s 100% Tariff — Ebila AI Stayed “Calmly Profitable” for Investors
On October 10, 2025, U.S. President Donald Trump sent shockwaves through global financial markets by announcing a 100% tariff on all Chinese imports. This marked the most severe escalation in trade tensions in years, sparking widespread instability across stocks, currencies, and especially the cryptocurrency market. Within less than an hour of the announcement, Bitcoin (BTC) plunged sharply — at one point dropping to around $104,000, its steepest intraday decline in five years. According to data from CoinDesk and Cointelegraph, over $19 billion in leveraged positions were liquidated within just 30 minutes, triggering a domino effect across the crypto market.
Macron Brings Back Sébastien Lecornu as Prime Minister to Restore Stability Amid Political Turmoil
French President Emmanuel Macron on October 10, 2025, officially reappointed Sébastien Lecornu as Prime Minister of France, just four days after his resignation
Other articles
Trade and Tech Tensions Escalate: U.S. Imposes 100% Tariffs and Tightens Control Over “Critical Software” Exports
On October 10, 2025, U.S. President Donald Trump made a surprise announcement on Truth Social, declaring that the U.S. would impose an additional 100% tariff on Chinese imports on top of existing tariffs and tighten export controls on all “critical software” made in America.
Officially Ending the State Monopoly on Gold Bar Production: A Turning Point for Vietnam’s Gold Market
After more than 13 years under a state monopoly regime, as of October 10, 2025, Decree 232/2025/ND-CP officially takes effect, eliminating the state’s exclusive role in gold bar production. From this date forward, commercial banks and qualified enterprises may be granted licenses to produce, import, and export gold input materials for crafting gold bars. This decision has attracted keen attention from the business community, investors, and media as a structural shift in Vietnam’s domestic gold market.
Why Did Global Gold Prices “Plunge” on October 10, 2025?
After a series of dazzling gains, global gold prices – long regarded as the ultimate safe haven – unexpectedly plunged on October 10, 2025. Just a few sessions earlier, gold had reached a record-breaking above $4,000/oz, sending waves of excitement across global markets. Yet within just 24 hours, the market witnessed a sharp correction, leaving investors wondering: “What really happened?”