Gold prices hovered near the $4,000 mark on Friday, October 30, 2026, as inflation concerns and a tech-stock selloff weighed on investor sentiment. The precious metal faced its second monthly loss, dropping as much as 0.6% during the session after a similar decline the previous day. Rising oil prices added to inflationary pressures, while a selloff in tech stocks increased the risk of investors liquidating gold to cover losses.
The Federal Reserve’s recent stance left the door open for an interest-rate hike before the end of the year, further influencing gold’s performance. Data released on Thursday showed a 0.5% rise in the US personal consumption expenditures price index last month, marking the highest increase since March for the central bank’s preferred inflation gauge.