Actual
3,900.10
Daily Change
24.26 0.63%
Monthly
-5.79%
Yearly
-2.56%
Q4 Forecast
3,815.16
Gold - Summary

Gold prices climbed above $3,900 an ounce on Monday, recovering modestly from one-year lows as declining oil prices eased concerns over inflation and potential interest rate increases. Oil prices declined amid signs of ongoing diplomatic efforts to prevent renewed US military action against Iran following the midterm elections. President Trump had previously threatened to resume strikes against Iran after the vote, while Tehran warned of broader retaliation. Meanwhile, investors are awaiting this week’s closely watched US jobs report for further insight into the Federal Reserve’s monetary policy outlook, with markets currently assigning around a 75% probability of a rate hike in December. Last week, gold faced significant selling pressure as persistent concerns over energy-driven inflation strengthened expectations of further Fed rate increases. A broader global equity selloff fueled by AI concerns also prompted investors to liquidate gold holdings to cover losses in other assets.

Gold - Stats

Gold rose to 3,900.98 USD/t.oz on November 2, 2026, up 0.65% from the previous day. Over the past month, Gold's price has fallen 5.77%, and is down 2.54% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Gold reached an all time high of 5608.35 in January of 2026. Gold - data, forecasts, historical chart - was last updated on November 2 of 2026.

Gold - Forecast

Gold rose to 3,900.98 USD/t.oz on November 2, 2026, up 0.65% from the previous day. Over the past month, Gold's price has fallen 5.77%, and is down 2.54% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gold is expected to trade at 3815.16 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3530.12 in 12 months time.



Price Day Month Year Date
Gold 3,900.10 24.26 0.63% -5.79% -2.56% Nov/02
Silver 50.13 1.231 2.52% -17.89% 4.25% Nov/02
Copper 6.50 0.0405 0.63% -1.31% 29.23% Nov/02
Steel 3,007.00 -16.00 -0.53% -2.12% -2.27% Nov/02
Lithium 93,500.00 -100 -0.11% -25.17% 15.43% Nov/02
Platinum 1,430.50 -5.50 -0.38% -17.01% -8.60% Nov/02
Iron Ore 90.71 0 0% -1.51% -14.29% Oct/30



Related Last Previous Unit Reference
United States Gold Reserves 8133.46 8133.46 Tonnes Jun 2026
Russia Gold Reserves 2282.98 2304.75 Tonnes Jun 2026
Italy Gold Reserves 2451.83 2451.84 Tonnes Jun 2026
India Gold Reserves 880.52 880.52 Tonnes Jun 2026
Germany Gold Reserves 3349.29 3350.25 Tonnes Jun 2026
France Gold Reserves 2437.00 2437.00 Tonnes Jun 2026
China Gold Reserves 2346.43 2313.46 Tonnes Jun 2026
United States Inflation Rate 3.70 3.40 percent Sep 2026
United States Fed Funds Interest Rate 4.00 4.00 percent Oct 2026

Gold
Gold is one of the most widely followed precious metals and is often regarded as a safe-haven asset during periods of economic uncertainty, inflation, and geopolitical risk. It plays a dual role as both an investment and a consumer good, with demand driven by financial markets, jewelry consumption, and industrial use. Gold is primarily traded on the over-the-counter London market, as well as on major exchanges such as the COMEX and the Shanghai Gold Exchange (SGE). Standard futures contracts typically represent 100 troy ounces. Globally, gold demand is led by jewelry consumption, followed by investment demand and a smaller share from industrial applications. On the supply side, China, Australia, the United States, South Africa, Russia, Peru, and Indonesia are among the largest producers. Major consumers of gold jewelry include India, China, the United States, Turkey, Saudi Arabia, Russia, and the United Arab Emirates. Gold prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
3900.98 3875.84 5608.35 34.83 1968 - 2026 USD/t oz. Daily

News Stream
Gold Rises from One-Year Low
Gold prices climbed above $3,900 an ounce on Monday, recovering modestly from one-year lows as declining oil prices eased concerns over inflation and potential interest rate increases. Oil prices declined amid signs of ongoing diplomatic efforts to prevent renewed US military action against Iran following the midterm elections. President Trump had previously threatened to resume strikes against Iran after the vote, while Tehran warned of broader retaliation. Meanwhile, investors are awaiting this week’s closely watched US jobs report for further insight into the Federal Reserve’s monetary policy outlook, with markets currently assigning around a 75% probability of a rate hike in December. Last week, gold faced significant selling pressure as persistent concerns over energy-driven inflation strengthened expectations of further Fed rate increases. A broader global equity selloff fueled by AI concerns also prompted investors to liquidate gold holdings to cover losses in other assets.
2026-11-02
Gold Hits One-Year Low
Gold tumbled below $3,900 an ounce, touching its lowest level since October 2025, as rising energy prices and persistent inflation concerns reinforced expectations that US interest rates will remain elevated for longer. Major central banks, including the Federal Reserve and the European Central Bank, held rates steady this week but signaled that the fight against inflation is not yet over, highlighting the risks posed by surging energy costs. Meanwhile, US data released Thursday showed inflation accelerating in September, with core price growth also picking up, strengthening expectations of a potential Fed rate hike in December. Gold also came under pressure from a sharp sell-off in technology stocks, driven by concerns over rising AI-related spending, which may have triggered forced selling and margin calls across markets. At the same time, oil prices climbed on fears of an escalation in the Middle East conflict, while physical gold demand across key Asian markets remained subdued.
2026-10-30
Gold Hits 51-week Low
Gold decreased to 3937.00 USD/t.oz, the lowest since November 2025. Over the past 4 weeks, Gold lost 5.68%, and in the last 12 months, it decreased 1.59%.
2026-10-30