Spot gold (XAUUSD) held steady near $4,014 on Tuesday morning after dipping to $3,978 on Monday, close to a two-month low, and then bouncing back above $4,000 as oil eased on hopes of lower US–Iran tensions and US Treasury yields softened. The Fed begins its two-day meeting today, with the decision due Wednesday at 18:00 GMT.
Updated Tue 27 Oct 2026 · 02:45 GMT · Spot gold price as of the Asian morning, 27 Oct 2026 (around 02:40 GMT)
Vs Monday 26 Oct close near $4,020 · On Monday gold fell to $3,978 before rebounding about 0.6% (FXStreet) · Trading Economics shows a similar price near $4,016
Key points for gold today
- 1Spot gold is near $4,014 (−0.14%) this morning, still holding above $4,000 after Monday’s bounce from $3,978, but it is down about 6.2% over one month (TradingView).
- 2WTI fell further on hopes of US–Iran talks, and the 10-year yield eased to around 4.99%, supporting gold, while a dollar index (DXY) recovery to around 102 caps gains.
- 3The Fed meets on 27–28 Oct and a hold is expected, but CME FedWatch still prices the odds of a December hike at about 82%
- 4Resistance at $4,050 and $4,100; support at $4,000, $3,975 and $3,959 · Today watch US durable goods at 12:30 GMT and Conference Board consumer confidence at 14:00 GMT.
3 factors driving gold
- WTIOil eases on hopes of calmer Middle East tensions
Crude fell for a second day on diplomatic efforts to ease US–Iran tensions. WTI closed Monday down about 1.7% near $103, easing short-term inflation worries. Trading Economics says dip-buying ahead of the Fed decision also supported gold.
- FOMCMarkets still see about an 82% chance of a December Fed hike
The Fed starts its meeting today and is expected to hold at 3.75–4.00%, but still-high energy prices keep inflation risk alive, so CME FedWatch prices about an 82% chance of a December hike, weighing on non-yielding gold. FXStreet says gold could slip below $4,000 again if Fed Chair Kevin Warsh sounds hawkish.
- DXYDollar recovers to 102 even as yields dip
The dollar index (DXY) is near 101.98 after closing Monday up about 0.2% near 102.02, snapping a two-week losing streak and limiting gold’s recovery. The US 10-year yield eased to around 4.99% (TradingView), slightly lowering the cost of holding gold. For the full market picture, see today’s Forex News
Key support and resistance levels
| $4,100 | R2 | First resistance per analysts; next are $4,150 and $4,200 |
| $4,050 | R1 | Next upside level cited in FXStreet technical analysis |
| $4,014 | NOW | Latest price (TradingView, around 02:40 GMT) |
| $4,000 | S1 | First support, the psychological level gold just reclaimed |
| $3,975 | S2 | October low |
| $3,959 | S3 | 17 Jul low |
Levels as of 26 Oct 2026, based on FXStreet analysis. Not a trading recommendation.
Upside / downside
Holds $4,000 and breaks $4,050
The next levels are $4,100 and $4,150, with the 100-day SMA near $4,221 as a further target. Softer oil and lower yields would help, but FXStreet notes the 14-day RSI, though pointing up, remains in bearish territory and may limit gains.
Breaks below $4,000
The next support is $3,975, the October low, followed by $3,959 (17 Jul) and $3,941, the year’s low. Pressure would come from a hawkish Fed or oil rising again on Middle East news.
Scenarios summarised from FXStreet analysis as of 26 Oct 2026. Not a trading recommendation.
Tue 27 Oct 2026 · Gold-moving events
- US durable goods orders (Sep)Forecast about +1.5% m/m · Previous 0.0%MED
- Conference Board consumer confidence (Oct)Forecast 80.5–81 · Previous 81.9A beat could lift the dollar and yields before the Fed and push gold back to test $4,000MED
- FOMC decision + Fed Chair press conferenceA hold at 3.75–4.00% is expected; watch for December hike signalsDue Wed 28 Oct, 18:00 GMTHIGH
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