As of late October 2025, spot gold is hovering around $4,000 per ounce. After breaching the $4,000 barrier for the first time in early October, gold surged to a record $4,381/oz on Oct. 20 ts2.tech. Prices then retreated briefly – falling below $4,000 around Oct. 26–27 amid easing U.S.–China trade tensions Reuters Reuters – before recovering above $4,000 on Oct. 30 in the wake of Fed rate-cut optimism Reuters. On Oct. 30, spot gold was trading near $4,004/oz, about 2% higher on the day after the Fed cut rates ts2.tech Reuters. This volatility aside, gold is still on pace for roughly a 3–4% gain in October, which would mark its third consecutive monthly rise Reuters Reuters.