Gold29 Oct, 10:34 pm
Gold slips near $4,000, set for about 4% October drop
On the morning of 30 Oct 2026 (Friday), gold was trading around $4,005 per ounce, down about 0.4% from the previous day. This marks the second consecutive day of decline following strong US GDP (3.4%) and elevated PCE inflation (3.6%). According to CME FedWatch, the market is pricing in roughly a 75% probability of a Fed rate hike in December. Gold is down about 4% this month and is heading toward a second consecutive monthly decline. The all-time high of around $5,608 was reached in January 2026.
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