Gold Price Today: Near $4,000 as Markets React to US-China Trade Truce

Gold price is holding near $4,000 per ounce as of October 31, 2025, marking one of the strongest runs in recent history. The rally comes just days after the US-China trade truce eased months of tension between the world’s two largest economies. Investors who once rushed to gold for safety are now watching how global markets react to this calm. The Federal Reserve’s rate cut on October 30 also played a role, keeping borrowing costs low and supporting demand for real assets.