Gold has declined approximately 25% from its January peak near $5,600. Despite the recent break below $4,200 per ounce, UBS reports that ETF inflows persist, indicating resilient investor demand. Market analysts suggest that the next shift in gold's valuation may be triggered by developments in the Middle East.
Tuesday, October 20, 2026
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Gold Drops to $4,081 in Fresh 18 Month Relative Low for GLD
Commodities14 days ago
A strengthening US dollar and government bond yields at 24 year highs drove spot gold prices down nearly 2% on Oct. 7. The precious metal fell to $4,081.01 an ounce, while the GLD ETF hit a 13 month low relative to the S&P 500 and an 18 month low relative to the Nasdaq 100. Market pressure intensified as traders anticipated the Federal Reserve would raise interest rates by December, reducing the appeal of non-yielding assets.
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