Gold Price Today: $3,996 After the Break Below $4,000…
By Tobi Opeyemi Amure
AI summary of the source article
Spot gold dropped below $4,000 to finish the week near $3,996 an ounce, marking its lowest level since July. Silver also declined below $54 amid rising oil prices, higher Treasury yields, and equity sell-offs.
Why it matters
Higher oil prices "strengthened expectations that US interest rates will stay higher for longer", while equity declines prompted funds to raise cash by selling metals.
Key facts
- Spot gold fell roughly 4 percent across the week to trade around $3,996 an ounce.
- Brent crude rose to settle at $116.72, and the 10-year Treasury yield hovered near 5.00 percent.
- Silver dropped below $54 an ounce to hit its lowest level in 2026.
Source excerpt · FinanceFeeds
Updated 24 October 2026. Spot gold ended the week at about $3,996 an ounce, down 0.7 percent on Friday and almost 4 percent on the week, its weakest level since 20 July (Kitco, Trading Economics, Reuters). Silver fell below $54 for the first time this year. Verdict: the market has stopped treating $4,000 as a floor and is waiting for Wednesday's Fed decision and Thursday's PCE print to tell it whe…