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Commodity News

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(31 Oct 2025, 08:57)

Precious Metals Preview: COMEX gold set for a monthly gain of over 3%


COMEX gold stays pressured in early Asia on Friday but manages to hold above $4K mark and set for a monthly gain of over 3% and a 50% rise year to date. The World Gold Council reported that central banks bought 220 tons of gold in Q3, up 28% from the previous quarter, led by Kazakhstan, while Brazil made its first purchase in over four years. Nevertheless, improving optimism on US-China trade front and hawkish comments from Federal Reserve is capping upside in the yellow metal. Currently, the counter is quoting at $4011 an ounce, down 0.12% on the day.

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