Lead story · key takeaway
Gold loses 2.6% to test $4,000 as forced selling beats falling yields
Gold fell about $108 on Thursday to close near $4,026, its lowest in more than two weeks. Asia briefly broke $4,000 with a low of $3,988 at 03:00 UK, and spot now sits at $4,015, with $4,021 and $4,032 the first caps.

Chart: gold futures GC=F daily candles with 20-day average (Yahoo Finance data, plotted 08:12 BST, 23 Oct 2026). Futures trade at a premium to spot, so chart levels differ from the spot strip.
BackdropYields fell hard on Thursday, yet gold still dropped: selling for cash during the tech sell-off outweighed the rate relief.
Market structureThe October lows near $4,068 have given way, and the first test of $4,000 has held only just. Today’s working range: $3,985–$4,040. Nearest resistance $4,021, nearest support $4,002; full ladder alongside.