Business · Markets · 5 hrs ago
Gold falls to its lowest price in a year despite Middle East concerns
Gold fell to its lowest price in a year, despite being treated as a safe place to hold money during uncertainty.
The fall came amid concerns about possible fresh attacks in the Middle East.
Those concerns focused on what might happen after Tuesday’s U.S. midterm elections.
No new attacks are reported.
The information available does not explain why gold’s price fell.
It gives no further developments or next steps.
Gold fell to its lowest price in a year on Friday, despite concerns about possible fresh attacks in the Middle East.
Spot gold dropped 3.5% to $3,880.97 an ounce, its lowest level since October 2025.
Technology shares slumped amid concerns that spending on artificial intelligence may not deliver sufficient returns.
Silver fell 6.5% to $49 an ounce, while palladium dropped below $1,000.
Gold is down 30% from its record high of $5,595 in January.
- Who
- Gold, silver and other precious metals fell in price.
- What
- Gold reached a one-year low as technology shares slumped. Silver, platinum and palladium also fell.
- When
- Friday, October 30, 2026.
- Where
- Not stated
- Why
- Concerns about returns on artificial-intelligence spending and a slump in technology shares put pressure on metals. The fall came despite jitters about possible fresh Middle East attacks.
This story does not have two clearly opposing sides.
Gold hit a record high of $5,595.
Spot gold fell to its lowest level since October 2025.
- Spot gold
- $3,880.97 an ounce, down 3.5%
- Silver
- $49 an ounce, down 6.5%
- Palladium
- Fell below $1,000 an ounce
- Gold record high
- $5,595 in January 2026
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What people are saying
The sky is falling
Metals will not be able to escape the gravity well of a nasty stock correction. Earnings have been the foundation of the AI rally and now that pillar is showing some cracks.