{"id":21921,"date":"2025-10-24T23:59:21","date_gmt":"2025-10-24T23:59:21","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/10\/24\/editors-picks-gold-price-recovers-from-biggest-one-day-drop-in-12-years\/"},"modified":"2025-10-24T23:59:21","modified_gmt":"2025-10-24T23:59:21","slug":"editors-picks-gold-price-recovers-from-biggest-one-day-drop-in-12-years","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/10\/24\/editors-picks-gold-price-recovers-from-biggest-one-day-drop-in-12-years\/","title":{"rendered":"Editor\u2019s Picks: Gold Price Recovers from Biggest One-Day Drop in 12 Years"},"content":{"rendered":"<\/p>\n

The gold price declined from its recent all-time highs this week, sinking to nearly US$4,000 per ounce and recording its biggest one-day decline in more than 12 years.<\/strong><\/p>\n

Silver took a similar hit, slipping back below the US$50 per ounce level.<\/p>\n

The drops have been attributed to factors like a stronger US dollar and lower US-China tensions, as well as profit taking, potentially from traders who are new to the market.<\/p>\n

Many experts have been anticipating a correction for the metals \u2014 their latest rise has been quick, and no asset can go straight up forever. <\/p>\n

However, there\u2019s also a broad consensus that gold has entered a new phase. For example, Patrick Tuohy of Goldstrom believes gold won\u2019t fall below US$3,000 again. <\/p>\n

Here\u2019s what Tuohy said: <\/p>\n

\u2018Is this a short-term phenomenon that\u2019s going to have some some dynamics that are going to turn it on its head and it reverses 50, 60 percent? I don\u2019t believe that is the case. I think within our group \u2026 the consensus is that it\u2019s unlikely that we\u2019ll see gold below US$3,000 again in our lifetimes. So let\u2019s say that that\u2019s the floor. That\u2019s a fairly significant move from where we were two years ago. So that\u2019s comfortable.\u2019<\/p>\n

Next week, all eyes will be on the US Federal Reserve, which is set to meet from October 28 to 29. CME Group\u2019s (NASDAQ:CME) FedWatch tool shows strong expectations for another interest rate cut.<\/p>\n

While the release of US government data has been affected by the ongoing shutdown, September consumer price index numbers were released on Friday (October 24). <\/p>\n

The report was the first major piece of federal economic data to come out since the shutdown began, and it has confirmed expectations of another rate reduction. <\/p>\n

\n

Bullet briefing \u2014 What\u2019s next for gold and silver? <\/h3>\n

Gold and silver prices perked up to end the week, rising to the US$4,100 and US$48.60 levels, respectively. But with the metals still off from their all-time highs, investors are wondering what\u2019s next. <\/p>\n

Opinions vary, but I\u2019ve pulled together a couple of quotes that illustrate what I\u2019m hearing. <\/p>\n

First is Ed Steer of Ed Steer\u2019s Gold and Silver Digest. He\u2019s well known for his commentary on the precious metals space, and he weighed in on what\u2019s next for silver, saying that today really is different compared to the other times silver rose to the US$50 level.<\/p>\n

Here\u2019s how he explained it:<\/p>\n

\u2018It\u2019s irrelevant what the price is today. You look at the big picture, and look at the fact that the BRICS+ have become an absolutely awesome juggernaut, and it\u2019s absolutely unstoppable. And as we shift from the west to the east, as this continues economically, financially, it\u2019s impossible to say where this is going to end up. <\/p>\n

\u2018But what we\u2019re living right now is we\u2019re living through a major, major shift in financial power, from one area of the world to another, and we\u2019re going to be \u2014 they\u2019re going to be writing about this 1,000 years from now. So we\u2019re living through history.\u2019<\/p>\n

Next we have Don Durrett of GoldStockData.com. This interview is from the week before last, so it\u2019s a little older, but definitely still relevant. I\u2019ve kept thinking about a comment Durrett made about one way we can tell the gold cycle is still early. This is what he said:<\/p>\n

The thing that really reveals how early we are is the stock market is only 2 percent from an all-time high. What in the world is the stock market doing at an all-time high and gold at an all-time high? Those are antagonistic. Gold is supposed to be a hedge against uncertainty. The stock market is supposed to show basically confidence. <\/p>\n

And so if you have an all-time high, people should be confident. Everything\u2019s fine. We don\u2019t need this. But people are not confident. People have said this is the most scary bull market ever. Nobody really believes in it, right? \u2026 So the question is, who\u2019s telling the truth? Is the stock market telling the truth at an all time high, or is it gold is telling the truth? Well, it\u2019s pretty obvious that gold\u2019s the one telling the truth.<\/p>\n<\/div>\n

\n

In It To Win It interview <\/h3>\n

Finally, if you\u2019d like to hear more from me, I was recently interviewed by Steve Barton of In It To Win It. <\/p>\n<\/div>\n

<\/span><\/div>\n

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The gold price declined from its recent all-time highs this week, sinking to nearly US$4,000 per ounce and recording its biggest one-day decline in more than 12 years. Silver took a similar hit, slipping back below the US$50 per ounce level. The drops have been attributed to factors like a stronger US dollar and lower […]<\/p>\n","protected":false},"author":0,"featured_media":21922,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-21921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/21921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=21921"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/21921\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/21922"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=21921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=21921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=21921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}