Gold prices remain supported above $3,900 an ounce despite October's nearly 7% loss, the worst since 2008. Commerzbank analyst Carsten Fritsch views the recent sell-off as excessive and a potential buying opportunity, citing ongoing fundamental support such as inflation concerns and fiscal challenges in the U.S. However, gold's price has decoupled from traditional factors like interest rates, influenced by market liquidity pressures and equity sell-offs. The bank expects the Federal Reserve to raise rates again but warns that U.S. debt levels may limit future hikes, which could ultimately support higher gold prices in the long term.
Gold prices, despite a nearly 7% drop in October, remain supported above $3,900 an ounce. For readers following gold, here is Pluang's market snapshot as of Nov 04, 2026 01:41 WIB: out of 150 priced US stocks tradable on Pluang, 67 rose and 83 fell today. Notable movers include GRAB at USD 3.17 with a 1-day change of +11.01%, RBLX at USD 46.01 with +7.30%, and PLUG at USD 1.40 with +6.49%.
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