Another day where both gold and the dollar are standing out

October 8, 2025
-FXnews

As mentioned earlier this week, the correlation is not one that you’d typically see but the developments this week is making for that. And in a time where the yen might not be able to provide that, gold is a safe bet amid the myriad of other fundamental factors that has led to the stirring rally over the past two years.

I would’ve expected some heavier profit-taking as we got to the $4,000 mark today but amid another round of risk pricing this morning, gold looks to be cruising past the key level to $4,019 now:

I still wouldn’t rule out potential for profit-taking later today or during the week. But amid the political chaos in France and Japan’s own domestic struggles, it’s a timely reminder of why gold continues to shine in this new political era

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