Gold Price Today 30 Oct 2026: spot gold (XAUUSD) has slipped to around $4,009 on Friday morning, close to breaking below $4,000, after strong US September PCE and Q3 GDP data lifted bets on a December Fed hike. CME FedWatch puts the odds at about 75%. Today watch the BoJ decision and the US Employment Cost Index (ECI) at 12:30 GMT.
Updated Fri 30 Oct 2026 · 02:50 GMT · Spot gold price as of the Asian morning, 30 Oct 2026
Vs Thursday 29 Oct close · Gold closed Thursday near $4,027.72, down about 0.95% (TradingView) · Other spot quotes this morning were near $4,013
Key points for gold today
- 1Spot gold is near $4,009, down about $11.99 (−0.30%), after falling about 0.95% on Thursday, and is down about 4% for October
- 2September PCE rose 0.5% m/m and 3.6% y/y, with Core PCE at 3.1%, while Q3 GDP grew 3.4%, above forecast. CME FedWatch puts the odds of a December Fed hike at about 75%
- 3Resistance at $4,101–4,110 and $4,139–4,150; support at $3,980–4,000 and $3,932–3,951
- 4Today watch the BoJ decision and the US Employment Cost Index (ECI) at 12:30 GMT
3 factors driving gold
- PCEStrong PCE inflation and GDP lift bets on a December Fed hike
The September PCE price index rose 0.5% m/m and 3.6% y/y, up from 3.4%, while Core PCE picked up to 3.1% as expected. The advance estimate of Q3 GDP showed 3.4% annualised growth, above market forecasts of about 3.1–3.2% (BEA). Trading Economics notes that CME FedWatch puts the odds of a December Fed hike at about 75%, which weighs on non-yielding gold.
- FOMCFed holds, but two members want a hike
The Fed held rates at 3.75–4.00% at its 28 Oct meeting in a 10–2 vote, with Lisa Cook and Beth Hammack voting for a 0.25% hike. Mitrade says gold dipped to around $4,035 after the decision before recovering to near $4,056, but could not hold those gains after the strong economic data.
- DXYSofter dollar and yields help gold hold near $4,000
Krungthai Bank says the dollar index (DXY) eased to around 101.8 and the US 10-year Treasury yield fell to around 4.92% after topping 5.00% intraday, amid a sell-off in US tech stocks (Nasdaq −1.4%), which slowed gold’s decline. Middle East tensions pushing crude oil higher remain a risk for gold.
Key support and resistance levels
| $4,139 | R2 | Resistance zone $4,139–4,150 |
| $4,101 | R1 | Resistance zone $4,101–4,110 |
| $4,009 | NOW | Latest price (Trading Economics, Asian morning) |
| $4,000 | S1 | Support zone $3,980–4,000, a key psychological level |
| $3,932 | S2 | Support zone $3,932–3,951 |
Upside / downside
Holds above $4,000 and retests $4,101–4,110
A break higher would target the $4,139–4,150 zone. A further dip in the dollar and yields, or a softer ECI reading that eases pressure on the Fed to hike, would help.
Breaks below $3,980–4,000
Selling could extend to the $3,932–3,951 zone. A hot ECI reading, Fed speakers backing a December hike and higher oil prices on Middle East tensions would add pressure.
Levels as of 29 Oct 2026, based on Mitrade analysis. Not a trading recommendation.
Fri 30 Oct 2026 · Gold-moving events
- Bank of Japan (BoJ) decisionDue from around 02:30 GMT. Markets expect a hold at 1.25%; watch for signals of a December hikeRead analysis →HIGH
- Eurozone Q3 GDP (flash)Indirectly affects the euro and the dollar (DXY)MED
- US Q3 Employment Cost Index (ECI)Labour costs: a faster rise could support the case for a December Fed hike and weigh on goldHIGH
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