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● LIVE Updated 2h ago · 9 sources tracked

Gold sinks to one-year low, silver slips below $50 on inflation concerns, tech selloff

Precious metals suffered sharp losses as front-month Comex gold fell 3.3% to $3,885.70 an ounce on Friday, marking its lowest settlement since October 3, 2025. Silver dropped 5.9% to close at $49.097, sliding below the $50-an-ounce mark for the first time since last November. The broad selloff drove the SPDR Gold ETF to a 52-week low and SLV to an 11-month low. Sticky inflation data, a tech stock rout, and strong U.S. GDP figures fueled investor expectations of a potential interest rate hike or a prolonged higher-rate environment by the U.S. Federal Reserve.

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⚡ Key Developments & Real-Time Context
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  • ✓ Front-month Comex gold fell 3.3% to $3,885.70 an ounce on Friday, its lowest settlement since October 3, 2025.
  • ✓ Silver sank 5.9% to $49.097, hitting its lowest close since last November.
  • ✓ Sticky inflation and strong U.S. GDP fueled bets of potential interest rate tightening by the U.S. Federal Reserve.
  • ✓ A tech sector rout drove gold to a one-year low and pushed white metals deep into the oversold zone.
🛡️ Source Corroboration: 9 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

Front-month Comex gold settled down 3.3% at $3,885.70 an ounce on Friday, while silver fell 5.9% to $49.097.

Live updates

  1. Gold Sinks to One-Year Low, Silver Slips Below $50

    Precious metals suffered sharp losses as front-month Comex gold fell 3.3% to $3,885.70 an ounce on Friday, marking its lowest settlement since October 3, 2025. Silver dropped 5.9% to close at $49.097, sliding below the $50-an-ounce mark for the first time since last November. The broad selloff drove the SPDR Gold ETF to a 52-week low and SLV to an 11-month low. Sticky inflation data, a tech stock rout, and strong U.S. GDP figures fueled investor expectations of a potential interest rate hike or a prolonged higher-rate environment by the U.S. Federal Reserve.

    Why it matters

    The sharp decline in precious metals highlights the pressure tighter monetary policy expectations place on non-yielding assets. Persistent inflation concerns, exacerbated by geopolitical conflicts in the Middle East and Russia-Ukraine driving up oil prices, have forced markets to reprice Federal Reserve rate paths. Meanwhile, concurrent equity losses in the technology sector forced institutional liquidation across asset classes, pushing white metals deep into oversold territory.

    What is confirmed

    • Front-month Comex gold fell 3.3% to $3,885.70 an ounce on Friday, its lowest settlement since October 3, 2025.
    • Silver sank 5.9% to $49.097, hitting its lowest close since last November.
    • Sticky inflation and strong U.S. GDP fueled bets of potential interest rate tightening by the U.S. Federal Reserve.
    • A tech sector rout drove gold to a one-year low and pushed white metals deep into the oversold zone.

    Still unconfirmed

    • Peter Brandt sees signs of a potential bottom for gold and silver following the steep declines.

    What to watch next

    • Upcoming U.S. inflation data releases
    • Future statements and rate decisions from the Federal Open Market Commission
    Sources used for this update (10)
    1. www.cnbc.com — Gold slides 1% as Fed hike bets linger ahead of U.S. inflation data
    2. Reuters — Tech rout drives gold to one-year low, white metals sink deep into oversold zone
    3. Yahoo Finance — Gold price today, Friday, October 30, 2026: Gold slips below $4,000 as Mid-East concerns mount
    4. KITCO — Gold, silver fall as strong U.S. GDP, inflation support Fed tightening bets - Kitco PM Report
    5. Seeking Alpha — Gold sinks to one-year low, silver slips below $50 on inflation concerns, tech selloff
    6. The Motley Fool — Gold Just Dipped Below $4,000 Per Ounce. Is It Time to Buy the SPDR Gold ETF?
    7. Yahoo Finance — Gold, Silver In Spotlight After GLD Hits 52-Week Low, SLV Sinks To 11-Month Low – Peter Brandt Sees Signs Of A Potential Bottom
    8. timesofindia.indiatimes.com — Gold hits one-year low, silver slips below $50 as inflation ...
    9. juyoufinds.com — Gold Sinks to One-Year Low, Silver Slips Below $50 on ...
    10. curiouscats.ai — Gold sinks to one-year low, silver slips below $50 on ...
    confidence 95%
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