Gold hits four-month low, silver falls below $50/oz on Fed hike fears - Reuters — SkimNews
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- Gold hit a four-month low as Fed hike fears weighed on the metal.
- Silver fell below $50 per ounce, extending the selloff beyond gold.
- Gold slipped below $4,000 on Friday, October 30, 2026, as Mid-East concerns mounted.
- U.S. GDP was strong, while inflation reinforced market bets on Fed tightening.
- Gold steadied in a separate market headline, offering a limited counterpoint to reports of a four-month low and sub-$4,000 trading.
Why it matters: Holders of both metals took the hit as gold crossed below $4,000 and silver fell below $50 per ounce. The clearest consensus is rate-driven selling—Reuters cites Fed hike fears and Kitco cites strong U.S. GDP and inflation—but the Mid-East angle and a steadying update mean the coverage does not reduce cleanly to one cause.
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