Gold at Records, ASX Still Up: A week of Nerves & Winners

Week ended Friday, 17 Oct 2025

The ASX 200 slipped on Friday but still banked a +0.4% weekly gain as record high gold price and rising rate-cut odds offset weakness across energy, tech and critical-minerals names. Offshore, US equities advanced, Europe edged higher, Japan lagged; the US 10-year yield eased 3 basis points to ~4.02%; the US dollar softened; Brent/WTI fell ~3% on the week.

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