Spot gold (XAUUSD) eased to around $4,110 on Thursday morning, down about 0.7% and giving back yesterday’s gains, after fresh Middle East tensions pushed oil prices higher and revived inflation worries. With the US 10-year Treasury yield still near 5.1%, gold is back testing $4,100 support. Tonight, watch US jobless claims at 12:30 GMT.
Updated Thu 22 Oct 2026 · 02:46 GMT · Gold prices as of the Asian morning of 22 Oct 2026 (about 02:45 GMT)
Compared with the 21 Oct close near $4,141 · Yesterday gold fell to a low of $4,106 before bouncing back above $4,130 (FXStreet, Trading Economics)
Key gold takeaways today
- 1Spot gold eased to around $4,110 (−0.74%) this morning from yesterday’s close near $4,141, and is still down about 4.1% over one month
- 2The US 10-year yield is around 5.11%, and CME FedWatch puts the chance of a Fed hold at the 27–28 Oct meeting at about 85.1%, but the chance of a December hike at about 87.4%
- 3Resistance at $4,200 and the 100-day moving average near $4,235; support at $4,100, $4,073 and $3,996. Gold has traded in a $4,100–4,200 range for 16 straight days
- 4Tonight, watch US jobless claims at 12:30 GMT; next week brings the Fed meeting (decision Wed 28 Oct at 18:00 GMT)
3 factors driving gold
- OilMiddle East tensions lift oil, inflation worries return
Bloomberg reported that the US State Department ordered non-essential staff and their families to leave Saudi Arabia, and that a drone attack hit a Saudi Aramco oil facility. Krungthai Bank said crude prices rose after attacks on the Shaybah field and on tankers near the Strait of Hormuz. Higher energy prices add to inflation worries and support expectations of a Fed hike, which weighs on gold (Trading Economics).
- 10YUS yields hold above 5%, raising the cost of holding gold
The US 10-year Treasury yield is around 5.11% (FXStreet), with Krungthai Bank putting its range at 5.08–5.16%, while Bloomberg reported the 2-year yield rose to a one-week high. Gold pays no interest, so high yields make it more costly to hold. The dollar (DXY) is steady near 101.7.
- $4,100Buyers still defend $4,100 as gold holds a 16-day range
FXStreet noted that gold has traded in a $4,100–4,200 range for 16 straight trading days, and yesterday it dipped to a low of $4,106 before buyers stepped back in. CME FedWatch puts the chance of a Fed hold at next week’s meeting at about 85.1% (InfoQuest, citing Krungsri), which helps limit short-term selling. See the full market picture in today’s Forex news
Support and resistance levels to watch
| $4,235 | R2 | 100-day moving average (SMA) |
| $4,200 | R1 | Top of the 16-day range; sellers have emerged on every approach |
| $4,110 | NOW | Latest price (Trading Economics about 02:45 GMT) |
| $4,100 | S1 | Bottom of the 16-day range |
| $4,073 | S2 | 14 Oct low |
| $3,996 | S3 | 29 Jul swing low |
Levels as of 21 Oct 2026 based on analysis from FXStreet, not trading advice
If it rises / if it falls
Holds above $4,200
The next levels are the 100-day moving average near $4,235 and the 50-day moving average near $4,316, according to FXStreet. Supportive factors would be a pullback in yields or lower oil prices on signs of de-escalation in the Middle East.
Breaks below $4,100
The next supports are the 14 Oct low near $4,073 and the 29 Jul swing low near $3,996. Pressure would come from a further oil spike that lifts bets on a Fed hike, or low jobless claims pointing to a still-strong labor market.
Levels as of 21 Oct 2026 based on analysis from FXStreet, not trading advice
News that moves gold today (Thursday 22 Oct 2026 · GMT)
- US initial jobless claims (weekly)Forecast 200K vs 199K previous (Investing.com). A lower-than-expected reading would signal a strong labor market, which could lift yields and weigh on goldDue today at 12:30 GMTMED
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Sources (7)
- Trading Economics – Gold (22 Oct, about 02:45 GMT)
- FXStreet – Gold rebounds above $4,130 as Oil retreats (21 Oct)
- FXStreet – Gold flatlines below $4,150 (22 Oct, Asian morning)
- Bangkok Biznews (citing Bloomberg) – Gold prices 22 Oct
- InfoQuest – Money market report 22 Oct (CME FedWatch)
- Businesstoday – Krungthai Bank market outlook 22 Oct
- Investing.com – U.S. economic calendar 19–23 Oct
Risk warning: Trading gold, forex and CFDs carries a high level of risk and you may lose all of your capital. This article is a summary for educational purposes only and is not investment advice. Prices may have changed by the time you read it.
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