Gold slides in october, spot price falls below $4,000
ITF Team1 min read
Spot gold slipped under $4,000, marking its lowest level in more than a year.
Gold prices continued their downward trend in October, with the spot benchmark slipping beneath the $4,000 mark. The move pushed the metal to its lowest level in over a year, reigniting concerns among investors about demand and broader market sentiment.
Market reaction
- The decline followed a series of modest gains earlier in the month.
- Weakening safe‑haven demand and a stronger dollar contributed to the pullback.
What traders are watching
- Key support around $3,950 and resistance near $4,050.
- Upcoming U.S. economic data that could influence the dollar and risk appetite.
Related news
- Gold breaks below $3,942, $3,500 target in focus
- Market overview – 31 October 2026
- Gold breaks all supports in bearish impulse
- Gold faces mass liquidation, $3,886‑$3,708 zone in focus
More from ITF
This article is compiled from international market news for information only. It is not investment advice.