Gold Price Today: $3,996 on Sunday Before the 28 October…
By Tobi Opeyemi Amure
AI summary of the source article
Spot gold dropped 4 percent to finish near $3,996 an ounce, its first close below $4,000 since mid-July. Precious metals fell amid tech-driven margin calls and expectations of further Federal Reserve interest rate hikes.
Why it matters
Market analyst Jim Wyckoff stated that "Heightened inflation concerns suggest that major central banks of the world won't be able to ease monetary policies as quickly as they want to. All that's working against the gold and silver market bulls at present."
Key facts
- Spot gold fell 4 percent over the week to finish around $3,996 an ounce, closing below $4,000 for the first time since mid-July.
- Spot silver dropped to $53.97, platinum fell to $1,555.84, and palladium declined to $1,048.31.
- In a Reuters poll of 100 economists, all 100 expect a Federal Reserve rate hike in December.
Source excerpt · FinanceFeeds
Updated 25 October 2026. Spot gold ended last week at about $3,996 an ounce, its first close below $4,000 since mid-July, after a 4 percent drop that Reuters calls the worst week since June; December futures settled at $4,007.90 (Reuters, Kitco). Silver finished near $53.97, its lowest since November 2025. Verdict: the weekend has delivered more war, not more gold. Houthi missiles were intercepted…