Gold price today: XAUUSD daily analysis

Short answer (30 October 2026): Gold tests $4,000 as Fed rate-hike bets build. Below: what moved gold, the drivers that matter today and the price areas the market is watching. Market commentary, not investment advice.

30 October 2026: Gold tests $4,000 as Fed rate-hike bets build

As of 05:11 UTC · Sources: Reuters, Mitrade, FXStreet

Gold traded around $4,000, about 0.5% lower, after a drop of more than 1% on Thursday.
Hot US inflation data and strong GDP pushed odds of a December Fed hike to about 75% (CME FedWatch).
Oil rose after a tanker attack near the Strait of Hormuz, adding to inflation worries.
Gold was on track for a second straight monthly decline.

What the market watches: The $4,000 mark below and Thursday's $4,025–4,035 area above.

29 October 2026: Gold holds near $4,040 after a hawkish Fed hold

As of 03:00 UTC · Sources: ActionForex, Kitco, Goodreturns

The Fed kept rates at 3.75–4.00% in a 10–2 vote; two members wanted an immediate hike.
Markets priced a December hike at more than 80%, with the US 10-year yield near 5%.
A brief spike above $4,070 after the decision faded.

What the market watches: $4,015–4,025 and $4,000 below, $4,070–4,080 above.

28 October 2026: Gold slips ahead of the Fed decision as the dollar firms

As of 03:47 UTC · Sources: FXEmpire (Reuters), Kitco, FXStreet

Gold eased about 0.3% to near $4,045 after a roughly 1% gain on Tuesday.
Oil rose again on a claimed strike on a Saudi refinery, keeping inflation worries alive.
The US dollar traded near a two-week high ahead of the Fed decision.

What the market watches: $4,015 and $4,000 below, $4,079 above.

What moves the gold price?

The main daily drivers of gold (XAUUSD) are US interest-rate expectations and Treasury yields, the US dollar, inflation data, central-bank buying and safe-haven demand during geopolitical stress. Higher real yields and a stronger dollar usually weigh on gold; falling yields, a weaker dollar and risk-off moods tend to support it.

For a weekly view, read the weekly gold outlook and guides. Short daily notes also appear on Telegram.

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