Gold prices stabilized in trading on Friday, October 10, 2025, as the ounce continued to hold above the $4000 level, a historic milestone it surpassed for the first time yesterday, supported by expectations of another US interest rate cut this year, along with signs of easing tensions in the Middle East.

According to analysis by Gold Bullion, gold managed to maintain its trading above the psychological level of $4000 per ounce after closing yesterday above it, continuing to trade above today despite some technical factors that might lead to a slight temporary price correction.

Since the beginning of 2025, gold has risen by about 54%, driven by a strong buying wave from central banks, increased demand for gold-backed exchange-traded funds, as well as a weaker US dollar and higher demand for safe-haven assets.

Global gold funds recorded in September their highest monthly inflows since March 2022, totaling 145.6 tons of gold, which pushed the total assets managed by these funds to a new record level amid rising prices and increasing investor appetite.

On the political front affecting markets, Hamas and the Israeli entity yesterday agreed on the first phase of the US plan regarding Gaza, which includes a ceasefire and prisoner exchange, a step that could pave the way to ending the war ongoing for two years, contributing to temporarily calming geopolitical fears in global markets.