Key Highlights

  • Gold trades at USD 3,987.095 on the daily chart.
  • The quote records a −33.470 change and a −0.83% move.
  • Gold opens at USD 4,024.035 and reaches USD 4,026.550.
  • The session touches USD 3,986.730 at its low.
  • The Federal Reserve leaves its policy rate range unchanged.
  • Australian annual CPI inflation rises to 4.3% in September 2026.

Gold spot against the U.S. dollar traded near its session low on 30 October 2026, with the latest quote extending October’s weakness. The move came after the Federal Reserve left U.S. interest rates unchanged and Australian inflation accelerated. For Australian market readers, the immediate picture combined a fading gold rebound with a fresh set of policy and inflation signals.

Unmodified Gold TradingView chart captured on 30 October 2026

Source chart, 30 October 2026

October Weakness Outlasts a Brief Recovery

The daily candles show a strong August recovery followed by a late August peak. Gold subsequently moved lower through September and into October, with intermittent rebounds failing to regain the earlier high.

A brief recovery near the end of October also faded. The latest red candle leaves gold below the preceding recovery candles and near the lower edge of the displayed session range. The recent price sequence therefore remains weaker despite those short-lived advances.

Fed Holds Rates as Australian Inflation Rises

On 28 October 2026, the Federal Reserve maintained its target range at 3-3/4 to 4 percent, describing inflation as elevated and U.S. economic activity as strong.

The Australian Bureau of Statistics reported September annual CPI inflation of 4.3%, up from 4.0% in August. Australia’s next RBA policy decision is scheduled for 3 November 2026. These releases form the macro backdrop to the gold quote.

Technical Outlook: Gold

The chart records an opening price of USD 4,024.035, a session high of USD 4,026.550 and a session low of USD 3,986.730. Its current price is USD 3,987.095, with a displayed change of −33.470 and −0.83%.

The current quote sits below the opening price and close to the recorded low. Its position near the bottom of the daily range is consistent with the latest red candle. The wider sequence also shows the late October bounce losing momentum, while the earlier downward trend remains visible.

Key Levels to Watch

The session low of USD 3,986.730 and high of USD 4,026.550 define the observed daily boundaries. The opening quote provides a further reference for the session’s progress. These are recorded session values rather than independently established support or resistance. A later move beyond them would extend the displayed range.

Summary

Gold’s latest retreat keeps the price near the session low, while October’s recovery attempts remain incomplete. The Fed’s unchanged rate decision and Australia’s stronger inflation reading add policy context. The next Australian monetary policy decision provides a dated event to follow alongside the daily price trend.