December gold futures (GC=F) opened Friday, October 30, 2026 at $4,033.60 per troy ounce, up 0.1% from Thursday's close, but slid to $3,986.20 by 7:04 a.m. ET and dipped below $4,000 amid instability in the Middle East. Markets also weighed the expectation that the U.S. could ramp up attacks after the mid-term elections next week. On Friday a tanker in the Strait of Hormuz was hit by explosive devices attached by a small boat, according to UKMTO, and it was not immediately clear who was behind the attack, while Brent crude rose to $113.49. Gold was down 0.2% over the past week and 4.3% over the past month, but up 2.3% over the past year. The article also lists gold allocations suggested by five experts, ranging from 0% to 20% of a portfolio.
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Related tickers and likely impact
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/29/2026 | 4,014.37 |
| Change that session | -1.02% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.2B |
| Close on 10/29/2026 | 4,007.09 |
| Change that session | -1.03% |
XAU/USD
▼ Likely negativeRelevance: high
| Market | Gold |
|---|---|
| Close on 10/29/2026 | 4,021.63 |
| Change that session | -1.13% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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