Gold is at its cheapest in almost a year: on Friday it fell to 3,937 dollars an ounce in London. Expectations of higher interest rates are behind it.
On Friday, the gold price fell to 3,937 US dollars an ounce on the London exchange. 1
That's the lowest level since November 2025. 1
Over October, gold lost almost five percent. 1
Markets mostly expect the European Central Bank to raise interest rates in December. 2
Silver also fell, to 49.62 dollars, its lowest since last November. 1
For anyone keeping gold as a rainy-day fund: even the safe haven moves, and right now it's moving down. Whether it keeps falling depends mostly on December's interest-rate decisions.
Whether the central banks actually raise rates in December is still open.
Gold lost almost five percent in a month. Finally something in Vienna that drops faster than the mood in November.
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hooodlmedia31 Oct, 00:04Sporthooodlmedia GAK lost their 1,000th Bundesliga game 0–4 at home to Hartberg. The Graz club has now gone six competitive games without a win.
1 Sourceshooodlmedia31 Oct, 00:04Sporthooodlmedia At the Erste Bank Open in Vienna, Carlos Alcaraz plays Daniil Medvedev in Saturday's semi-final. Alex de Minaur is also through to the semis after beating Matteo Berrettini.
2 Sources