Why Is Gold Down Today?

$4,190.50↓ $0.40 (−0.01%)

The forces behind today's gold price, from live market data and the day's news. Updated through the trading day.

Latest market brief · October 11, 2026Gold Week Ahead: CPI, Retail Sales and Warsh Test a BounceGold starts the week at about $4,194 an ounce after a 1.5% bounce, and Wednesday's CPI, Thursday's retail sales and PPI, and a late Thursday Warsh speech will test whether rates and the dollar keep weighing on it.

The drivers this week

10-year Treasury yieldHigher yields raise the cost of holding gold, which pays no interest.

5.22%−0.02 w/w

10-year real yield (TIPS)Real yields are gold's strongest long-run driver; falling real yields usually support gold.

2.87%−0.01 w/w

10-year breakeven inflationRising inflation expectations tend to lift demand for gold as a store of value.

2.33%−0.03 w/w

Broad US dollar indexGold is priced in dollars, so a stronger dollar usually weighs on it.

121.38+1.05 w/w

Green means the move is usually supportive for gold. Source: Federal Reserve Bank of St. Louis (FRED); latest available values.

Today's gold headlines

Frequently asked questions

Why is gold going down today?

Gold is down +0.01% at $4,190.50 an ounce. Day-to-day moves usually track real interest rates, the US dollar and risk sentiment; the table above shows how those drivers have moved this week.

What makes the gold price go up?

Falling real interest rates, a weaker dollar, rising inflation expectations, central bank buying, inflows into gold ETFs and geopolitical stress all tend to push gold higher. The opposite forces push it lower.

Does the stock market affect gold?

Sometimes. In sharp sell-offs investors may buy gold as a haven, but in liquidity crunches gold can fall alongside stocks as traders raise cash.