Gold faces its worst October since 2008, with a decline of 6.7%.
According to ChainCatcher, data shows that spot gold recorded its worst performance in October since 2008, with a drop of approximately 6.7%. This round of decline was driven by inflation concerns caused by oil price movements and liquidity shocks triggered by the decline in technology stocks.
On Monday, oil prices plummeted due to news of negotiations between the US and Iran, and gold prices rebounded.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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