Spot gold rose 0.9 percent to 3,907.94 dollars an ounce by 0633 GMT on Monday, and United States gold futures gained 0.5 percent to 3,916.70 dollars, Reuters reported. The site market tables, updated at 06:00 EST, put gold futures at 3,908.2 dollars, up 0.24 percent, and silver futures at 50.26 dollars, up 2.36 percent. Spot silver climbed 2.2 percent to 50.16 dollars, platinum gained 0.3 percent to 1,435.34 dollars and palladium rose 0.9 percent to 984.79 dollars, Reuters said.
The recovery follows a bruising Friday. Bullion slumped about 3.5 percent to its lowest level since October 2025, falling below 4,000 dollars, in a selloff that capped the worst October for gold since 2008. Bloomberg reported that a rout in technology stocks led to margin calls and forced sales of liquid holdings including gold, and that dip buyers in Asia arrested the slide on Monday.
Analysts split the move into bargain hunting and unfinished liquidation. Justin Lin, a strategist at Global X ETFs, told Bloomberg that long term investors see current prices as cheap and that central banks may cautiously add to positions. Ole Sloth Hansen, head of commodity strategy at Saxo Bank, wrote that Friday’s close below the key technical level of 3,886 dollars an ounce leaves gold vulnerable to further downside, and that a recovery above 4,000 dollars is needed to restore a more neutral short term outlook.
Lower crude prices helped the bounce by tempering inflation concerns, and Secretary of State Marco Rubio’s comments that President Donald Trump would prefer a diplomatic resolution to the Iran war weighed on the war premium across the complex. The dollar index in the site tables eased 0.18 percent to 101.7, which also supports dollar priced metals at the margin.