10 Oct 2025 | 5 Mins Read
Gold extends weekly gains with safe-haven demand increasing
Flipitmoney
Gold edged higher, up 0.1% to $3,977.87 per ounce, heading for its eighth straight weekly gain, as uncertainty and expectations of U.S. Federal Reserve interest rate cuts boosted demand. Spot gold surged 2.3% this week, while futures gained 0.5%. A 25-basis-point cut is priced in with 95% chance in October and 82% in December according to CME FedWatch Tool.