Spot gold posted its worst October since 2008, down about 6.7% this month versus a roughly 17% fall in October 2008. Gold plunged 3.6% on Friday to a one‑year low. The selloff was driven by two main factors: oil-driven inflation fears that have reinforced rate‑hike pricing (fundamental pressure), and a tech-led equity rout that forced investors to sell gold (a liquidity shock). On Monday, oil tumbled on US‑Iran talks, easing the inflation/rates pressure and likely contributing to a gold rebound.