Gold tops $4,232 as safe-haven bid holds; silver slips, oil inches higher Thursday
FRANKFURT, October 16, 2025 — The global commodities market opened Thursday with gold extending its rally, supported by safe-haven demand amid persistent geopolitical uncertainty. The gold price rose 0.57% to $4,232.68 per ounce at 10:10 CET, up from $4,208.59 a day earlier, according to data from finanzen.net, as reported by G.Business. Analysts attribute the move to investor caution and a weaker dollar, which made bullion more attractive to international buyers.
Precious metals: gold holds, silver retreats
The broader metals complex showed a split trend. Silver fell 0.49% to $52.84 per ounce, reversing Wednesday’s modest gains. Platinum added 0.21% to $1,661.50, and palladium rose 0.45% to $1,547.00. Analysts in Frankfurt described the market tone as “cautiously optimistic,” with traders maintaining hedges ahead of upcoming central bank statements.
Oil prices move slightly higher
Energy markets saw a mild upward correction. Brent crude increased 0.34% to $62.68 per barrel, up from $61.91 the previous day. WTI crude followed, inching 0.12% higher to $58.82. The OPEC reference basket price was reported at $63.07 per barrel, marking a $0.03 daily rise. Analysts cited tightening refinery output in Europe and ongoing production discipline from OPEC+ members.
Heating oil posted the strongest energy gain, advancing 1.38% to $58.12, reflecting rising seasonal demand across Germany and Northern Europe.
Agricultural and soft commodities: stable outlook
In agricultural trading, cotton edged 0.14% lower to $0.64 per pound, while corn gained 0.06% to $4.18 per bushel. Soybeans strengthened 0.30% to $10.10, while soybean meal remained unchanged at $275.90. Soybean oil added 0.73%, trading at $0.51 per pound, and sugar climbed 0.26% to $0.16.
Meanwhile, natural gas increased 0.43% to $3.05 per MMBtu, supported by early winter consumption forecasts. Milkfutures fell 0.18% to $16.97, while heating oil extended gains on tight supply.
Economists describe Thursday’s market as one of "measured adjustment", reflecting investor efforts to balance risk between metals and energy. “Gold remains the anchor amid uncertainty, while oil continues to respond to supply constraints rather than macroeconomic pressure,” said one Frankfurt commodities analyst. The overall trend points to steady, cautious positioning ahead of key macro data from the U.S. and Europe. With inflation expectations fluctuating, gold continues to serve as the preferred hedge among institutional investors.
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