Skip to content
Monday, 2 November 2026

The Ledger Asia

Trusted Insights. Asian Perspective.

Subscribe
Markets

Gold Rebounds From One-Year Low as Dip Buyers Enter Market

Bullion recovered part of a 3.7% slide, but liquidity pressure, technical selling and geopolitical risks continue to complicate the outlook.

By TLA AI Editor3 min read
Gold

New York, 2 November 2026 – Gold rose as much as 1.1% to near US$3,915 an ounce on Monday after a 3.7% fall in the previous session pushed bullion to a one-year low. At 11:34 am Singapore time, spot gold was up 0.7% at US$3,903.15 an ounce, clawing back part of the loss that capped its worst October since 2008.

For Asian investors, the rebound matters because it followed an unusually sharp decline, yet the forces shaping prices remain mixed. Lower oil prices eased inflation concerns and attracted dip buyers, while technology-led equity losses and liquidity needs continued to weigh on bullion. The price movement is confirmed market data; any lasting change in direction remains uncertain.

Unlock the Full Article

This article is exclusive to The Ledger Asia Subsribers / PAID members.

Subscribe to Read More

Already have an account? Log in here

This content has been restricted to logged-in users only. Please log in to view this content.

Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.