Gold and silver selloff seen as buying opportunity
The gist
Spot gold rose about 0.84% to $3,908 an ounce Monday after falling below $4,000 last week.
Fund managers see a rare entry point; a durable bottom isn't confirmed.
How it unfolded
- Oct 30, 2026Gold and silver ended a sharp selloff that capped their worst October performance since 2008, with gold falling below $4,000 an ounce.
- Nov 2, 2026Spot gold recovered to around $3,908 an ounce, up about 0.84%, and spot silver rose 2.22% to $50.24 an ounce as the dollar softened and oil prices declined.
- Nov 2, 2026Gold traded between $3,875.55 and $3,919.26, while silver ranged between $49.13 and $50.55.