Daily note · 22 October 2026
Gold breaks below $4,100 as Asia selling erases Wednesday’s bounce
Gold has broken below $4,100. Wednesday’s bounce to $4,142 was sold overnight, and a 04:15 UK flush in Asia drove spot to $4,068 before a partial recovery. At $4,095 gold sits under the old $4,107 floor and well below its 20-day average, with $4,101 and $4,118 the first caps.
XAUUSD
$4,095.17
spot · 08:12 BST · −0.95%
DXY
101.50
Wed close 101.78
UST 2Y / 10Y
4.81% / 5.13%
CMT · 21 Oct
Catalyst
US jobless claims
13:30 BST · FOMC 27–28 Oct
Chart: gold futures GC=F daily candles with 20-day average (Yahoo Finance data, plotted 08:14 BST, 22 Oct 2026). Futures trade at a premium to spot, so chart levels differ from the spot strip.
BackdropOil-driven inflation worries keep yields near 5.1% and gold on the back foot, even with a softer dollar.
Market structureThe $4,100 to $4,107 floor has given way, and the bounce from $4,068 is so far shallow. Working range: $4,060–$4,120.
Educational market commentary for information and knowledge sharing only. Not investment advice. Disclaimer & risk warning.