Daily note · 26 October 2026
Gold steadies above $4,000 after a 4% weekly fall, with the Fed on Wednesday
Gold lost about 4% last week and closed Friday near $3,994, below $4,000 for the first time since mid-July. Asia dipped to $3,978 at 01:00 UK, then softer oil lifted it to $4,019, and spot now sits at $4,015 under the $4,035 Friday high.
XAUUSD
$4,015.10
spot · 08:07 GMT · +0.53%
DXY
101.80
Fri close 101.81
UST 2Y / 10Y
4.69% / 5.00%
CMT · 23 Oct
Catalyst
FOMC Wed
27–28 Oct · PCE Thu
Chart: gold futures GC=F daily candles with 20-day average (Yahoo Finance data, plotted 08:07 GMT, 26 Oct 2026). Futures trade at a premium to spot, so chart levels differ from the spot strip.
BackdropOil eased on Monday and gave gold some relief, but yields are back at 5% into a Fed week.
Market structureSupport near $3,978 to $3,988 has now held three times, but each rally is still capped lower. Working range: $3,985–$4,040.
Educational market commentary for information and knowledge sharing only. Not investment advice. Disclaimer & risk warning.