https://www.live-feeds.com/feed/gold-prices-plunge-to-one-year-low-below-3-900-as-higher-oil-prices-fuel-fears-of-more-pain-aheadContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/gold-prices-plunge-to-one-year-low-below-3-900-as-higher-oil-prices-fuel-fears-of-more-pain-aheadhttps://www.live-feeds.com/feed/gold-prices-plunge-to-one-year-low-below-3-900-as-higher-oil-prices-fuel-fears-of-more-pain-ahead#u180569Fri, 06 Nov 2026 08:36:48 +0000Spot gold prices fell below $3,900 an ounce, hitting their lowest level in more than a year and dropping roughly 30 percent from their January peak. The Friday sell-off was driven by a sharp decline in technology stocks, rising oil prices, and stronger United States economic data that fueled expectations of further Federal Reserve interest rate tightening. Spot gold dropped 3.5 percent on the day to trade at $3,880 an ounce, while silver prices tumbled below $50 an ounce.Why it mattersThe steep drop in precious metals comes as investors grapple with accelerating inflation, climbing energy cost