Markets - 1 min read
October 2026 Market Scorecard: Oil Up, Gold and Tech Down
How major assets finished October 2026: Brent and WTI rallied, while gold, the Nasdaq and bitcoin fell. A one-page monthly recap with sources.
FinStackX Editorial Team ·
October ended with a split decision: oil surged while tech stocks and gold fell. Here is how the main assets finished the month, with the source for each figure.
The scorecard
| Asset | October move | Level | Source |
|---|---|---|---|
| Brent crude | +13.6% | $113.43 (Jan contract) | FinanceFeeds |
| WTI crude | +15.2% | $104.12 | FinanceFeeds |
| Gold (futures) | -7.2% | $3,884.90 | CryptoTicker |
| Nasdaq Composite | -5.3% | 25,437.00 | CNBC |
| Bitcoin | n/a for the month | about $77,381 on Oct 30 | Fortune |
Monthly percentages come from different outlets and some were calculated at slightly different times. For example, Quartz put gold's monthly loss at 4.7% using an earlier price.
What stands out
- Oil was the winner, helped by tensions around the Strait of Hormuz.
- Gold fell for a second straight month, CryptoTicker reported, as expectations for a Fed rate hike grew. Gold pays no interest, so higher rates make it less attractive.
- Tech fell on AI worries. The Nasdaq is about 7.8% below its October 6 record close.
- Bitcoin was about 28% lower than a year earlier, Fortune reported.
The common thread
Rising oil adds to inflation, inflation raises the chance of higher interest rates, and higher rates tend to weigh on both gold and expensive tech stocks. That chain explains why very different assets fell together.
What November could bring
Apple and AMD earnings, the US midterms on November 3 and the jobs report on November 6 all arrive in the first week. See our week-ahead guide for the full calendar.
Past monthly moves do not predict the next month.
Sources
- FinanceFeeds: Brent crude
- CryptoTicker: Is gold a safe haven?
- Quartz: Gold hits four-month low
- CNBC: Stock market today
- Fortune: Price of Bitcoin, October 30
This article is for informational purposes only and is not financial advice. Markets move quickly; check live prices before making decisions.
