Gold prices plunged sharply and the worst monthly performance record. The price of gold was recorded down to 17 percent during October, which is the largest monthly decrease in the last 25 years.

Decrease the price of gold is the largest monthly up to 18.2% was recorded in February 1983. The price of gold was penetrate tertingginya level in the U.S. $ 1030.80 per ounce in March 2008.

In trading Friday (31/10/2008), the price of gold traded at the level of U.S. $ 720.35 per ounce, down 2.1% compared to closing Thursday at U.S. $ 735.50 per ounce. Recorded the lowest gold price in U.S. $ 680.80 per ounce on the week.

Gold prices continue to fall in line strengthening U.S. dollar. The strengthening U.S. dollar makes commodities appear to be berdenominasi dollars cheaper.

"The price of gold this move, especially because the currency movement. At the end of the month, due to dollar movements," said Simon Weeks, director precious metals at Bank of Nova Scotia, as quoted from Reuters, Saturday (1/11/2008).

"A key supporter of gold when the dollar is likely that the U.S. will continue to be stronger, and of course it means a negative for gold," said a broker in London.