Spot gold increased by $143.96 (or +3.73%) in October, closing at $4,002.92 - the highest month-end level on record. Gold opened October with strong upward momentum, reaching an intraday high of $4,381.51 before profit-taking and position adjustments contributed to a pullback in the second half of the month. Overall, October extended the acceleration of the “debasement trade” that began in late August. Macro factors contributing to the gold rally included geopolitical tensions, U.S.-China tariff negotiations, further anticipated Fed rate cuts, concerns about Fed independence, and soft labor data. Generally, financial ... (full story)