Spot gold (XAUUSD) eased to around $4,136 in early Asian trade on Tuesday after slipping below $4,150 overnight, as the US 10-year Treasury Yield rose to around 5.14% and the dollar firmed. Markets price about 83% odds that the Fed holds rates at its 27–28 Oct meeting, but still see a high chance of a December hike.
Updated Tue 20 Oct 2026 · 02:53 GMT · Gold price as of early Asian trade 20 Oct 2026
Reuters reported spot gold down 0.3% at $4,126.84 at 01:02 GMT, while COMEX gold futures settled overnight (19 Oct) down $21 at $4,160.10 on a firmer dollar and higher Yields (Reuters)
Today’s key gold takeaways
- 1Spot gold is near $4,136 (−0.16% per TradingView) this morning, extending losses after breaking below $4,150 overnight, and is down about 4.8% over one month
- 2The US 10-year Yield rose to around 5.14%, raising the cost of holding non-yielding gold. CME FedWatch puts the odds of a Fed hold on 28 Oct at about 83%
- 3Resistance at $4,180 and $4,230, with support at $4,070 and $4,000, according to FXStreet analysis
- 4Today, watch US housing starts at 12:30 GMT, with Yields and the dollar the main drivers
3 factors driving gold
- 10YUS Yields rise to around 5.14%, pushing gold below $4,150
FXStreet reported that the US 10-year Treasury Yield rose about 4 basis points to around 5.144%, while the 2-year was near 4.78%. Higher Yields raise the cost of holding non-yielding gold, so gold dropped out of the $4,150–4,200 range it had traded in early in the week
- FEDMarkets still expect a December Fed hike
Reuters, citing CME FedWatch, said markets see about 83% odds that the Fed holds rates at 3.75%–4.00% at its 27–28 Oct meeting after a 0.25% hike in September, but still see a high chance of a December hike. Traders are waiting for the Fed statement and next week’s PCE data
- USDDollar firms, euro under pressure
The dollar strengthened against major currencies while the euro weakened on political tension in France, making dollar-priced gold more expensive for holders of other currencies. Silver (XAG) fell 0.7% to $56.69 (Reuters). For the wider market picture, see today’s Forex news recap
Support and resistance to watch
| $4,230 | R2 | Top of the past two weeks’ range |
| $4,180 | R1 | Daily Bollinger Bands middle line |
| $4,136 | NOW | Latest price (TradingView, early Asian trade) |
| $4,070 | S1 | Bottom of the recent range |
| $4,000 | S2 | Late Jul–early Aug lows |
Levels as of 19 Oct 2026 based on FXStreet analysis, not a trading recommendation
If it rises / if it falls
Reclaims $4,180
The next levels are $4,200 and the range top at $4,230. Above there, FXStreet sees the next target at the 25 Sep high near $4,315. A pullback in Yields and a weaker dollar would help
Breaks below $4,070
Selling could test the $4,050 zone (lower Bollinger Band) and the late Jul–early Aug lows near $4,000. FXStreet notes the daily RSI near 42 shows weak momentum but is not yet oversold
Levels as of 19 Oct 2026 based on FXStreet analysis, not a trading recommendation
Today’s events that move gold
- Germany ZEW index (Oct)German economic sentiment, affects the euro and the dollarMED
- US housing starts (Sep)A light day; markets will mainly watch Yields and the dollarMED
- Fed decision (FOMC) · 28 OctMarkets see about 83% odds of a hold, but will watch for December hike signalsHIGH
Gold breaks $4,150 as Yields jump: get cash back on every lot
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