# What sparked Gold's off selloff?

> Spot gold fell 3.5% on Friday to as low as $3,880, its lowest in 12 months. Analysts linked the drop to a hawkish Fed pause, rising oil prices and a tech stock rout that dragged down gold alongside equities.

- Date: 2026-11-03 · published 2026-11-04T12:12:55.357Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/79681-what-sparked-gold-s-off-selloff
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of higher rates and oil-driven inflation raise the cost of holding non-yielding assets and reinforce a tighter macro backdrop for commodities. The selloff itself is a market move with no direct effect on feed commodity supply.

## Sources

- fxstreet.com: https://www.fxstreet.com/analysis/what-sparked-golds-off-selloff-202611031337

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