Gold (XAU/USD) extended its seven-week rally to a new all-time high of US$4,059, gaining 8.5% since late September. Supported by sticky U.S. inflation and growing fiscal concerns driving the “debasement trade,” the yellow metal’s major uptrend remains intact. However, momentum signals now suggest the rally is overstretched, with risks of a short-term pullback below US$4,012 before the next potential bullish leg resumes.
10-10-2025 07:05 GMT
by Kelvin Wong