Gold Rebounds From One-Year Low as Bargain Hunters Step In After Sharp Sell-Off

Singapore, 2 November 2026 – Gold recovered from its lowest level in approximately a year as investors returned to the market to buy bullion after a sharp sell-off pushed prices below US$3,900 an ounce. The rebound followed Friday’s 30 October decline, when spot gold dropped 3.5% to US$3,880.97, its weakest level since October 2025, amid persistent US inflation, rising interest-rate expectations and a wider technology-led market sell-off.

For Asian investors, the recovery raises an important question about whether gold is approaching a price level that attracts longer-term buyers or merely experiencing a temporary technical rebound. Although lower prices have encouraged dip-buying, the underlying pressures remain: a potentially more hawkish Federal Reserve, elevated energy costs, a stronger opportunity cost of holding non-yielding assets and uncertainty over global investment sentiment.