Actual
3,981.88
Daily Change
-39.43 -0.98%
Monthly
-4.69%
Yearly
-0.56%
Q4 Forecast
3,922.74
Gold - Summary

Gold prices declined below $4,000 per ounce on Friday, extending losses from the previous session as persistent inflation and resilient economic growth in the US reinforced expectations of a potential Federal Reserve rate hike later this year. The US PCE price index increased 0.5% month-on-month in September, marking its biggest rise since March, while annual inflation accelerated to 3.6%. Core PCE inflation also climbed to 3.1% year over year. Meanwhile, US GDP expanded at an annualized rate of 3.4% in the third quarter, exceeding expectations of 3.2%, supported by resilient consumer spending and strong AI-related investment. The Federal Reserve kept interest rates unchanged on Wednesday ahead of next week’s US midterm elections, although markets continue to assign roughly a 75% probability of a rate hike in December, according to the CME FedWatch Tool. Gold is on track to decline nearly 4% in October, potentially recording its second consecutive monthly loss.

Gold - Stats

Gold fell to 3,986.11 USD/t.oz on October 30, 2026, down 0.88% from the previous day. Over the past month, Gold's price has fallen 4.59%, and is down 0.46% 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 October 30 of 2026.

Gold - Forecast

Gold fell to 3,986.11 USD/t.oz on October 30, 2026, down 0.88% from the previous day. Over the past month, Gold's price has fallen 4.59%, and is down 0.46% 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 3922.74 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 3630.11 in 12 months time.



Price Day Month Year Date
Gold 3,982.66 -38.65 -0.96% -4.67% -0.54% Oct/30
Silver 50.76 -1.388 -2.66% -16.11% 4.01% Oct/30
Copper 6.51 -0.0696 -1.06% 0.45% 27.98% Oct/30
Steel 3,054.00 3.00 0.10% -0.59% -1.10% Oct/30
Lithium 93,600.00 -2500 -2.60% -25.09% 16.20% Oct/30
Platinum 1,443.90 -49.40 -3.31% -16.19% -7.49% Oct/30
Iron Ore 90.71 0.01 0.01% -6.09% -14.21% Oct/29



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
3986.11 4021.31 5608.35 34.83 1968 - 2026 USD/t oz. Daily

News Stream
Gold Edges Lower on Fed Rate Hike Concerns
Gold prices declined below $4,000 per ounce on Friday, extending losses from the previous session as persistent inflation and resilient economic growth in the US reinforced expectations of a potential Federal Reserve rate hike later this year. The US PCE price index increased 0.5% month-on-month in September, marking its biggest rise since March, while annual inflation accelerated to 3.6%. Core PCE inflation also climbed to 3.1% year over year. Meanwhile, US GDP expanded at an annualized rate of 3.4% in the third quarter, exceeding expectations of 3.2%, supported by resilient consumer spending and strong AI-related investment. The Federal Reserve kept interest rates unchanged on Wednesday ahead of next week’s US midterm elections, although markets continue to assign roughly a 75% probability of a rate hike in December, according to the CME FedWatch Tool. Gold is on track to decline nearly 4% in October, potentially recording its second consecutive monthly loss.
2026-10-30
Gold Falls Below $4,030
Gold prices fell below $4,030 an ounce on Thursday as investors assessed a fresh batch of US economic data, with persistent inflation and resilient economic growth strengthening expectations of a potential interest rate hike later this year. The US PCE price index rose 0.5% month over month in September, its largest increase since March, while annual inflation climbed to 3.6%. Core PCE inflation also accelerated to 3.1% year over year. Meanwhile, US GDP grew at an annualized 3.4% in the third quarter, beating expectations of 3.2% on resilient consumer spending and AI-driven investment. The Federal Reserve held interest rates steady on Wednesday ahead of next week's US midterm elections, but markets continue to price in an approximately 80% chance of a rate hike in December, according to the CME FedWatch Tool. Meanwhile, oil prices declined after reports that US Vice President JD Vance had sought to revive peace negotiations with Iran.
2026-10-29
Gold Declines After Fed Decision
Gold fell toward $4,000 an ounce on Thursday, giving back recent gains after the Federal Reserve kept interest rates unchanged as widely anticipated but provided limited guidance on its next policy move. Two officials also dissented in favor of a 25-basis-point rate hike, strengthening market expectations for a potential increase in December amid persistent energy-driven inflation. Meanwhile, Fed Chair Kevin Warsh indicated that the central bank could reduce the number of interest-rate decisions from eight to six annually, a proposal that could add to policy uncertainty. Investors are now awaiting the US PCE price index, the Fed’s preferred inflation measure, for further insight into the monetary policy outlook. Elsewhere, markets continue to assess renewed diplomatic efforts to prevent further escalation of the Middle East conflict. However, elevated oil prices remain a concern, sustaining inflationary pressures and expectations for higher interest rates, which could weigh on gold.
2026-10-29