Fed hike bets push gold below key threshold

Community Trust Score Verified 92 % Real Verified 24 votes Updated 42 seconds ago Gold price fell below $3,900 per ounce on October 30, marking the lowest level for the precious metal in 2026. The drop places gold roughly 30% below its January peak and sets the stage for a second consecutive monthly loss. The decline is driven primarily by hawkish bets on the Federal Reserve and strong US economic indicators. Third-quarter GDP growth exceeded expectations, while September PCE inflation rose 0.5% on the month and 3.6% year-on-year.