Is Gold ready for another run upwards?

Mark Watson-Mitchell - 29.10.2025

Less than two weeks ago the price of Gold was topping out at $4,358, since when it has fallen back to test the $3,923 level, before reacting today to news of new unrest on the Israel / Gaza front.

Now at $4,031 it is beginning to show its lustrous legs once more.

As I always say - 'Nothing Goes In A Straight Line For Ever' - not love, sex, bank accounts - they all go up and down.

So too we the values of equities and commodities.

I feel that Gold is now ready for another run ahead again - and not necessarily just on 'conflict' grounds - but just as a very 'pure' investment.

There is always a chunky level of business in Gold Futures towards the end of each month - and today has seen some good volumes showing through.

I believe that will be followed through as we edge into November.

There is definitely a new Glitter to Gold for investors to jump into recovery.