Gold Market Experiences Worst October Since 2008 In October, gold prices fell 6.87% to $3,898.9 an ounce, the sharpest monthly decline since 2008. At the same time, on the last trading day of October, the quotes fell below $3,900 for the first time in more than a year - since October 3, 2025. According to Bloomberg, gold prices reached a yearly low as: - The rise in Brent oil prices increased the fear of inflation and investors changed their expectations about the interest rate of the Federal Reserve in the USA;.

Gold Market Experiences Worst October Since 2008 In October, gold prices fell 6.87% to $3,898.9 an ounce, the sharpest monthly decline since 2008. At the same time, on the last trading day of October, the quotes fell below $3,900 for the first time in more than a year - since October 3, 2025. According to Bloomberg, gold prices reached a yearly low as: - The rise in Brent oil prices increased the fear of inflation and investors changed their expectations about the interest rate of the Federal Reserve in the USA;.

- The global collapse of stocks in the technology sector pushed investors to sell gold to cover losses in other market segments. Photo: GraphinityLab / Shutterstock Read more The gold market experienced its worst October since 2008.