Gold Reaches $4,270, Bitcoin Falls Under $110,000: Market Updates for Thursday

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

BTC+3.062%

SOL+2.162%

ETH+3.107%

Source: benzinga_crypto

Updated: Oct 16 2025

Gold and Silver Surge: Gold and silver reached record highs, with gold at $4,270 per ounce and silver at $53.90, driven by dovish comments from Federal Reserve Governor Christopher Waller regarding potential rate cuts.
Gold Miners Outperform: The VanEck Gold Miners ETF (GDX) saw a significant rise, gaining 12% weekly and 150% year-to-date, outperforming other sectors, including the AI-focused Global X ETF, which is up only 30%.
Mixed Performance on Wall Street: Major indices like the S&P 500 and Dow Jones remained mostly unchanged, while small-cap stocks weakened, as semiconductor stocks gained following positive earnings from Taiwan Semiconductor Manufacturing Co.
Crypto Market Decline: The cryptocurrency market experienced losses, with Bitcoin dropping over 2% to $108,000, marking its third consecutive daily loss, while Ethereum and Solana also saw declines.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Gold Reaches $4,270, Bitcoin Falls Under $110,000: Market Updates for Thursday

About the author

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