Gold closed Friday at $3,899, a 52-week low and nearly 30% below January’s record, while silver fell below $50 for the first time in 11 months. Over the week, silver lost 7–9% and gold about 3%. Oil is rising for the fourth consecutive month: Brent is near $113, and WTI is up 15% for October. With a Fed rate hike now a possibility, $XAU and $XAG remain under pressure, while $CL reflects geopolitics around the Strait of Hormuz.
Is gold already at the bottom, or will the decline continue? 👇
#Commodities