Gold falls to $4,132 as Fed minutes loom
Gold fell to $4,131.69, down 0.78%, with the session ahead framed by a firmer dollar, higher yields and Fed minutes.
Spot gold fell to $4,131.69 per troy ounce in the morning update, down $32.46, or 0.78%, after trading between $4,127.86 and $4,169.38 against a previous close of $4,164.15. Spot silver was also lower at $60.53, down 1.34%, leaving the gold/silver ratio at 68.3. For the session ahead, FXStreet and The Business Times said investors were watching FOMC Minutes, while their headlines tied pressure in gold to a stronger US dollar and higher yields.
Continued from the evening edition of 6 October 2026. Prices below are frozen at publication — the live gold price has the current figure, and this guide covers what tends to move it.
Fed minutes frame the open
FXStreet said gold weakened amid renewed US dollar strength and higher bond yields ahead of FOMC Minutes, and The Business Times said gold slipped as the US dollar gained while investors waited for rate clues. ET Now also described bullion as steady ahead of the minutes, with a strong dollar and rising yields keeping pressure on gold. Earlier in the news flow, FXStreet reported gold rising above $4,150 as bond yields turned lower, and TradingView said gold futures gained as the dollar and yields turned lower. TradingView later described spot gold as neutral in a $4,136-$4,178 range, while FXStreet said XAU/USD was looking to Fed Minutes for fresh impetus after holding $4,100.
- Gold weakens as USD firms and yields rise ahead of FOMC Minutes | FXStreet شبكة تواصل الإخبارية
- Gold weakens amid renewed USD strength and higher bond yields, ahead of FOMC Minutes FXStreet
- Gold Price Forecast: XAU/USD eyes Fed Minutes for fresh impetus after holding $4,100 FXStreet
- Spot gold neutral in $4,136-$4,178 range TradingView
- Gold slips as US dollar gains; investors await Fed minutes for rate clues The Business Times
- Gold flat as focus turns to Fed minutes for monetary policy path clues The Business Times
Central-bank buying stays in focus
Several headlines focused on central-bank buying. Seeking Alpha said central banks continued a summer spree in August, and Gold Eagle used nearly the same framing. China Daily reported that China posted its biggest monthly gold-reserve increase in 3 years. BigGo Finance said the PBOC extended its gold-buying streak to 23 months and that holdings hit a record high in September. The Economic Times also reported that China’s gold reserves rose for a 23rd straight month as forex reserves fell. MarketScreener said China’s central bank added to gold reserves for a 23rd consecutive month, and Kitco reported from LBMA 2026 that central banks had found new reasons to increase official gold reserves.
- Central Bank Gold Statistics: Central Banks Continue Summer Spree In August Seeking Alpha
- China posts biggest monthly gold reserve increase in 3 years China Daily
- Central Bank Summer Gold Spree Continued in August Gold Eagle
- PBOC Extends Gold Buying Streak to 23 Months, Holdings Hit Record High in September BigGo Finance
- Global Market: China gold reserves rise for 23rd straight month, forex reserves fall The Economic Times
- China's central bank adds to gold reserves for 23rd consecutive month marketscreener.com
Futures venues draw attention
Exchange and futures headlines added another theme around the bullion market. AD HOC NEWS said a gold futures overhaul masked record central-bank buying as LBMA delegates eyed $5,013. Hokanews reported that ICE would launch gold futures in London as the physical bullion market gained importance. Menafn said Kalshi’s 15-minute gold futures surpassed Ether in trading volume. CME Group said gold futures rebounded as rate expectations shifted, while MarketScreener carried the same CME futures rebound framing. Kitco reported that an LBMA delegate survey saw gold at $5,000 and silver at $97 in the next 12 months.
- Gold's Futures Overhaul Masks Record Central-Bank Buying as LBMA Delegates Eye $5,013 AD HOC NEWS
- Kalshi's 15-Min Gold Futures Surpass Ether In Trading Volume Menafn
- ICE to Launch Gold Futures in London as Physical Bullion Market Gains Importance Hokanews
- Gold futures rebound as rate expectations shift. CME Group
- Gold to hit $5,000, silver $97 in the next 12 months - LBMA delegate survey Kitco
- CME : Gold futures rebound as rate expectations shift. www.marketscreener.com
Technical calls stay mixed
Forecast and chart headlines stayed close to current trading levels, rather than offering a single message. FXLeaders said XAU/USD eyed $4,112 as China buying clashed with 5.3% yields. FXEmpire said $4,104 support put bears on notice, while another FXEmpire headline cited breakdown risk ahead of Fed Minutes for gold and silver. StoneX described its gold outlook as hammered, stretched and vulnerable to a sharp rebound. Kitco, in a separate LBMA delegate survey headline, reported that gold was seen at $5,000 and silver at $97 in the next 12 months.
- Gold Price Forecast: XAU/USD Eyes $4,112 as China Buying Clashes With 5.3% Yields FXLeaders
- Gold (XAU/USD) Price Forecast: $4,104 Support Puts Bears on Notice FXEmpire
- Gold and Silver Forecast: Breakdown Risk Ahead of Fed Minutes FXEmpire
- Gold outlook: XAU/USD hammered, stretched and vulnerable to a sharp rebound StoneX
- Gold to hit $5,000, silver $97 in the next 12 months - LBMA delegate survey Kitco
What to watch
- FOMC Minutes headlines and any change in rate-clue language from FXStreet, The Business Times and ET Now.
- The US dollar and bond-yield tone cited as pressure by FXStreet and The Business Times.
- China and PBOC reserve updates after reported 23-month buying streak headlines.
- LBMA, ICE, Kalshi and CME futures-market headlines after venue and survey updates.
Gold price on 7 October 2026
| Spot gold | USD / oz | Change on previous close |
|---|---|---|
| Previous close | $4,164.15 | |
| Morning edition, (this page) | $4,131.69 | −$32.46 · −0.78% |
| Close | Recorded when the next session opens | |
Prices from XAUTicker, frozen when each edition was published. A close is added once the next session’s first edition records it.