Daily note · 30 October 2026
Gold loses $4,000 as the hawkish Fed hold bites, with the ECI next
Gold held $4,006 to $4,036 after Thursday’s data but slid through $4,000 in Asia. London hit $3,966 at 07:45 before a bounce, and spot is $3,985 ahead of the US ECI at 12:30 UK and month-end.
XAUUSD
$3,985.49
spot · 08:06 GMT · −0.91%
DXY
101.81
Thu close 102.04
UST 2Y / 10Y
4.61% / 4.98%
CMT · 29 Oct
Catalyst
US ECI
12:30 UK · EZ GDP 10:00
Chart: gold futures GC=F daily candles with 20-day average (Yahoo Finance data, plotted 08:05 GMT, 30 Oct 2026). Futures trade at a premium to spot, so chart levels differ from the spot strip.
BackdropYields and the dollar eased, yet gold still fell: the hawkish hold is doing the work.
Market structureGold broke below $4,000 in Asia and set a new low for the week in early London. Working range: $3,955–$4,015.
Educational market commentary for information and knowledge sharing only. Not investment advice. Disclaimer & risk warning.
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