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Gold hits lowest price in a year despite Middle East tensions post-US midterms

Market News
31 Oct 2026, 00:30 WIB
Market Watch
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Bearish
Gold hits lowest price in a year despite Middle East tensions post-US midterms

Gold prices fell to their lowest level in over a year on Friday, defying expectations amid renewed concerns about instability in the Middle East following the US midterm elections. Traditionally, investors turn to gold as a safe haven during geopolitical tensions, but this time the usual pattern did not hold. The shift may reflect changing market dynamics under President Trump's second term, where typical safe-haven responses have been less predictable. This unusual behavior signals potential changes in how investors react to global risks going forward.

Gold price movements provide context for this market snapshot from Pluang as of Oct 31, 2026 03:21 WIB. Out of 150 US stocks priced on Pluang, 55 rose and 94 fell today. Notable movers include PINS at USD 18.40 with a 1-day change of -12.05%, QCOM at USD 164.99 down 11.01%, and ASX at USD 39.65 down 11.00%.

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