As October closed, gold prices saw a sharp decline in yesterday's trading session, while U.S. stocks had their most significant drop since early September.

U.S. Stock Market on October 31: Major U.S. indexes declined on the final trading day of October. The S&P 500 index fell 1.86% to 5,705.45 points. The Nasdaq Composite dropped 2.76% to 18,095.15 points, marking its steepest decline since early September. The Dow Jones Industrial Average also fell 0.9% to 41,763.46 points.

According to the U.S. Department of Commerce, the Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge, rose 2.1% year-over-year in September, down 0.2 percentage points from August. This figure is edging closer to the Fed's average inflation target of 2%.

Core PCE (excluding food and energy) increased by 2.7% year-over-year, slightly above expectations.

U.S. Treasury Bonds on November 1: As of 2:40 p.m., Treasury yields were on a short-term uptrend, reaching 4.273%.

Dollar Index (DXY): The index has surged 4.5% from its September low. Early on November 1, it dipped 0.1% to 103.89.

Gold Market: On October 31, spot gold fell 1.5% to $2,740.54 per ounce, after hitting a record high of $2,790.15 per ounce earlier in the session. Gold prices have increased approximately 4% over October. Gold futures fell 1.8% to $2,749.3 per ounce.

Commodity Trading Market: Crude oil prices diverged from other financial assets, with Brent crude rising 0.84% to $73.16 per barrel, and WTI crude increasing 0.95% to $69.26 per barrel.

Metals Market: Metals prices also fell sharply in the last trading session of October. December 2024 silver settlement prices dropped 4% to $32.796 per troy ounce. January 2025 platinum prices retreated to $999.6 per troy ounce, down more than 2%. December 2024 copper settlement prices decreased by 0.2% to $4.34 per pound.

Source: Compilation