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Markets on Edge as trump-Xi Meeting Takes Center Stage | 30th October 2025

Leaders in Focus Global markets traded cautiously today as investors closely watched the ongoing Trump–Xi meeting, a key event that could reshape global trade sentiment and risk appetite. While commodities like gold and silver held within recent ranges, risk currencies such as the Aussie and Kiwi advanced on hopes of a more constructive dialogue between the two leaders. Meanwhile, the US Dollar softened slightly as traders awaited any hint of renewed trade cooperation or policy alignment from Washington and Beijing. Gold Price Forecast (XAU/USD) Current Price and Context Gold holds steady near $3,950, consolidating after a modest rebound earlier in the week. Traders are treading carefully ahead of the Trump–Xi outcome, balancing safe-haven demand with improving global trade optimism. Key Drivers Geopolitical Risks: Uncertainty surrounding global trade relations and Middle East tensions continue to support underlying gold demand. US Economic Data: Recent soft manufacturing and consumer confidence data reinforce the case for potential rate cuts. FOMC Outcome: The Fed’s cautious tone earlier this week helped limit downside risks for gold. Trade Policy: Hopes of a more cooperative US–China framework cap safe-haven inflows. Monetary Policy: Expectations of gradual easing by major central banks sustain gold’s medium-term bullish appeal. Technical Outlook Trend: Consolidating after testing two-week highs. Resistance: $3,975 and $4,000. Support: $3,920 and $3,880. Forecast: Gold may extend gains toward $4,000 if the Trump–Xi meeting fails to deliver concrete progress. Sentiment and Catalysts Market Sentiment: Cautiously bullish; traders prefer holding long exposure into event risk. Catalysts: Trump–Xi outcomes, US labor data, and any Fed commentary. Silver Price Forecast (XAG/USD) Current Price and Context Silver trades near the mid-$47.00s, showing mixed momentum as investors balance optimism in risk assets with lingering caution ahead of trade developments. Key Drivers Geopolitical Risks: Safe-haven appeal remains secondary to industrial demand prospects. US Economic Data: Slight weakness in US growth expectations supports industrial metals. FOMC Outcome: Fed’s neutral stance prevents strong dollar resurgence, aiding silver’s stability. Trade Policy: Positive tone from US–China talks could lift industrial sentiment. Monetary Policy: Ongoing global easing bias underpins medium-term metal demand. Technical Outlook Trend: Range-bound with mild bullish bias. Resistance: $47.80 and $48.30 Support: $47.00 and $46.60. Forecast: Silver could attempt a recovery toward $48.00 if trade optimism improves. Sentiment and Catalysts Market Sentiment: Neutral-to-positive as traders await confirmation from the Trump–Xi dialogue. Catalysts: Industrial data releases, trade headlines, and Fed commentary. NZD/USD Forecast Current Price and Context NZD/USD holds above 0.5750, extending gains for a third consecutive session. The pair benefits from a softer US Dollar and upbeat sentiment surrounding potential trade cooperation between the US and China. Key Drivers Geopolitical Risks: Trade progress could bolster New Zealand’s export outlook. US Economic Data: Slightly weaker US data limits upside in the greenback. FOMC Outcome: Dovish undertones favor high-beta currencies like the Kiwi. Trade Policy: Any positive Trump–Xi statement may further strengthen NZD sentiment. Monetary Policy: The RBNZ’s cautious optimism aligns with gradual recovery expectations. Technical Outlook Trend: Bullish bias remains intact above 0.5750. Resistance: 0.5800 and 0.5850. Support: 0.5720 and 0.5680. Forecast: Upside continuation toward 0.5800 if trade talks end on a positive note. Sentiment and Catalysts Market Sentiment: Risk-on tone persists as traders price in trade optimism. Catalysts: Trump–Xi statements, US data releases, and Fed policy hints. USD/CAD Forecast Current Price and Context USD/CAD trades below 1.3950, weighed down by a softer US Dollar and steady crude oil prices. Traders await clarity from both the Trump–Xi meeting and recent policy stances from the Fed and BoC. Key Drivers Geopolitical Risks: Stable energy outlook limits safe-haven demand for USD. US Economic Data: Mixed US prints keep rate expectations subdued. FOMC Outcome: Dovish tone reinforces downside pressure on USD/CAD. Trade Policy: Improved global trade sentiment could further support CAD. Monetary Policy: BoC’s measured approach offers a modest tailwind for the loonie. Technical Outlook Trend: Mild downtrend below 1.3950. Resistance: 1.3980 and 1.4020. Support: 1.3900 and 1.3850. Forecast: Pair may test 1.3850 if USD weakness persists post-meeting. Sentiment and Catalysts Market Sentiment: Bearish bias as traders favor commodity-linked currencies. Catalysts: OPEC+ output updates, Trump–Xi outcome, and BoC commentary. AUD/USD Forecast Current Price and Context AUD/USD climbs toward 0.6600, buoyed by renewed optimism around the US–China dialogue. The Australian Dollar’s close trade ties with China make it a key beneficiary of any constructive developments. Key Drivers Geopolitical Risks: Reduced trade tensions favor AUD stability. US Economic Data: Weak US readings add to pressure on the greenback. FOMC Outcome: Continued dovish tone may lift AUD further. Trade Policy: Trump–Xi meeting remains the primary driver of short-term momentum. Monetary Policy: The RBA’s steady outlook supports ongoing recovery in the Aussie. Technical Outlook Trend: Uptrend continues above 0.6550. Resistance: 0.6600 and 0.6640. Support: 0.6560 and 0.6520. Forecast: Pair could advance beyond 0.6600 if US–China headlines stay positive. Sentiment and Catalysts Market Sentiment: Constructive, with traders leaning toward further upside. Catalysts: Trump–Xi joint statement, China PMI, and Fed follow-up remarks. Wrap-up Market sentiment remains finely balanced as investors await concrete updates from the Trump–Xi meeting, which could redefine near-term risk appetite across assets. Safe-haven demand in gold and silver remains underpinned by uncertainty, while risk currencies like the Aussie and Kiwi show resilience on hopes of progress. The next 24 hours may set the tone for November’s broader market direction as traders assess policy signals, trade implications, and central bank outlooks. Ready to trade global markets with confidence? Join Moneta Markets today and unlock 1000+ instruments, ultra-fast execution, ECN spreads from 0.0 pips, and more! Start now with Moneta Markets!

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Publication date:

2025-10-30 07:11:14 (GMT)

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