Gold falls below $4,000 and silver retreats on AI and inflation fears
Metal closes Friday at the lowest level since September 2025, and silver loses 13.51% in October, with technology selling and inflation on the radar.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM INFOMONEY · 3 MIN
Gold closed Friday, October 30, at US$3,898.9 per ounce in the December Comex contract, down 3.3% on the day and at a low of about a year, according to InfoMoney. The metal fell below $4,000 per ounce, the lowest level since September 2025, according to Money Times.
Silver followed the movement. The December contract fell 5.9%, to US$49.276 per ounce, and reached the lowest price since November 2025, according to Money Times. During the week, gold accumulated a loss of 2.71% and silver, 2.90%. In October, the decline was stronger: 6.9% for gold and 13.51% for silver.
According to InfoMoney, two factors are behind the pressure. The first is the widespread sell-off of technology stocks, driven by concerns about company spending on artificial intelligence. The second is the renewal of inflationary fears. The two themes intersect in the market conversation: on the one hand, investor sentiment towards technology stocks; on the other, uncertainty about the trajectory of prices.
In Rio's corporate real estate market, the scenario appears from another angle. According to Binswanger Brazil, cited by InfoMoney, vacancy in class A+ and A offices was 24% in the third quarter of 2026, with a decline of 0.5 percentage points in the quarter. It was the fifth consecutive quarterly drop and the lowest level since 2014.
In Botafogo, vacancy fell to 4.8%, a drop of 0.8 percentage points. Rio's corporate stock in classes A+ and A totals around 1.8 million square meters. Net absorption in the quarter was 15.1 thousand m², double the 7.5 thousand new m² delivered, which helps explain the drop in vacancy.
What changes for the investor
For those who follow the stock market, interest rates and the dollar, the point of attention is that gold, silver and technology shares appear linked to the same risk factor: doubt about spending on AI and the return of inflation. Double-digit declines in a single month, like silver's in October, indicate that prices can swing sharply when these themes change mood. In Rio's office market, the data that draws the most attention is the absorption above new supply, a sign of demand that exceeds the square meters delivered. This article does not recommend the purchase or sale of assets and does not project quotations.
Automatically translated from Portuguese.
