# Gold: Price decline seen as excessive – Commerzbank

> Gold fell 3.7% on Friday to USD 3,870 per troy ounce, its lowest level in more than a year, and lost almost 7% in October. Commerzbank attributes the sell-off to forced liquidation as equities corrected. The bank calls the decline excessive and says high US public debt and limited Fed tightening still support gold.

- Date: 2026-11-03 · published 2026-11-03T15:16:42.371Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/77968-gold-price-decline-seen-as-excessive-commerzbank
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Gold is outside the feed-ingredient commodity set, so the direct effect on feed buyers is limited. The move mainly reflects rate-hike expectations and a broader risk-asset sell-off rather than new supply or demand changes.

## Sources

- fxstreet.com: https://www.fxstreet.com/news/gold-price-decline-seen-as-excessive-commerzbank-202611031356

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.