Gold ended its worst October since 2008 financial crisis
Current overview (not historical)
Gold prices recorded their worst October performance since 2008, closing at $3,875 an ounce on Friday, down 3.6% in the final session. Gold broke a floor near $3,970 and closed below $3,886, its October 2025 low. Hedge funds have cut bullish gold bets for nine straight weeks, Hansen said. Since the Iran war began, a 10% jump in Brent crude has matched a 4% drop in gold, economist Robin Brooks wrote.
Written with AI from the reporting · updated 11/1/2026
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- 1Unclassified fact stationNov 1, 00:00recorded Nov 2, 06:34single source
Gold ended its worst October since 2008 financial crisis
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- Subject：
- gold
- Action：
- ended worst October
- Object：
- gold price
- Occurred (fact side)：
- Nov 1, 00:00
- Published (valid side)：
- Nov 2, 05:58
- First seen (known side)：
- Nov 2, 06:34
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- BeInCryptoRelated fact: single sourceGold posts worst October since 2008, breaks key support as selling pressure intensifies
Report first recorded Nov 2, 06:34
Gold fell 3.6% on Friday to $3,875 an ounce, marking its worst October since the 2008 financial crisis and breaking below the $3,970 support level. Hedge funds have cut bullish gold positions for nine consecutive weeks, and speculators have sharply reduced silver bets. Rising oil prices and concerns over potential U.S. strikes on Iran have added inflationary pressure, while higher U.S. interest rates make gold less attractive. The midterm elections and the October jobs report due later this week are key events that could determine the metal's short-term trajectory.
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- 10Nov 2, 07:00
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- -49%
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