Gold is trying to recover after its worst October since 2008, rebounding from a one-year low as lower oil prices ease inflation pressure, though it fell nearly 4% on Friday. Standard Chartered’s Suki Cooper says gold is currently acting as a source of liquidity rather than a safe haven, so equity and tech jitters are weighing on prices, while demand from China and Asia is a bright spot. Gold has held around the $4,000 level and near-term technicals look fragile, though ETF holdings remain close to record highs and weaker-than-normal Diwali demand makes last-minute buying more likely. For silver, ETF outflows and substitution risk from the solar industry have added pressure, with prices around $50 per ounce, a level that was once the ceiling for the market.
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Related tickers and likely impact
PAXG/USDT
▲ Likely positivePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.7B |
| Close on 11/01/2026 | 3,910.91 |
| Change that session | +0.30% |
XAUT/USDT
▲ Likely positiveTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.1B |
| Close on 11/01/2026 | 3,893.72 |
| Change that session | +0.36% |
XAU/USD
▲ Likely positiveRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/30/2026 | 3,875.51 |
| Change that session | -3.63% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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