Daily note · 27 October 2026
Gold slips back to $4,000 as the dollar firms on the eve of the Fed
Gold closed Monday near $4,013 after a $3,978 to $4,030 day. Asia rallied to $4,025 at 04:15 UK but could not hold it, and a firmer dollar has pulled spot back to $3,999, right on the $4,000 line, as the Fed meeting begins.
XAUUSD
$3,999.20
spot · 08:08 GMT · −0.35%
DXY
102.13
Mon close 101.96
UST 2Y / 10Y
4.68% / 5.00%
CMT · 26 Oct
Catalyst
FOMC Wed
27–28 Oct · PCE Thu
Chart: gold futures GC=F daily candles with 20-day average (Yahoo Finance data, plotted 08:05 GMT, 27 Oct 2026). Futures trade at a premium to spot, so chart levels differ from the spot strip.
BackdropThe dollar, not yields, is the pressure point this morning, with DXY at a two-week high.
Market structureRallies keep stalling below $4,030, and $4,000 is being tested again. Working range: $3,970–$4,030.
Educational market commentary for information and knowledge sharing only. Not investment advice. Disclaimer & risk warning.