China NBS Manufacturing PMI came in at 49.3, below expectations (50) in October

Oct 30, 2026

Gold breaks $3,886 floor to new YTD low as Fed hawks press on

Gold (XAU/USD) tanked to a new year-to-date (YTD) low of $3,880 on Friday, clearing the $3,900 threshold for the first time since October of last year. The Greenback and US Treasury yields edged higher, while risk appetite deteriorated and hawkish Fed rhetoric pushed prices lower.

China NBS Manufacturing PMI came in at 49.3, below expectations (50) in October

Gold breaks $3,886 floor to new YTD low as Fed hawks press on

China NBS Non-Manufacturing PMI below forecasts (50.5) in October: Actual (49.7)