Gold Closes Down 1.1% at $4,020.57 Even as Fed Hike Odds Fall to 74%
Most of gold’s $46.73 fall came in Asian trading overnight. In U.S. hours the odds of a December Fed hike fell from 83% to 74%, the 2-year Treasury yield dropped and the dollar weakened, all of which usually help gold, yet gold slipped to a low of $4,005.37. Silver fell 3.4% to $52.15, its lowest futures close of 2026, and the gold/silver ratio closed at 77.1. The European Central Bank held rates after debating a hike.
For general information only, not investment advice. Ausecure is a precious-metals dealer and sells the products discussed.
The short version
- How gold closed today: $4,020.57 an ounce on spot at the 5:00 PM ET close, down $46.73 (1.15%) from Wednesday’s $4,067.29 and down $3.95 from $4,024.52 in our 8:41 AM ET pre-market price. The day’s range ran from $4,068.88 (9:15 PM ET Wednesday) to $4,005.37 (2:30 PM ET today), about $64.
- Where the fall came from: $42.78 of it came overnight, in selling during Asian trading hours with no dollar, rate or news trigger we could find. In U.S. hours gold moved in a $32 range and made a new low in two declines, at 12:00 PM ET, as Iranian media reported Tehran had not yet answered a U.S. letter on peace talks, and from 1:30 to 2:30 PM ET, with no headline we could find.
- Rates moved in gold’s favor: fed funds futures cut the odds of a quarter-point hike on Dec 9 to about 74% at the close, from 85% at Wednesday’s close and 83% this morning. The 2-year Treasury yield fell to 4.60% and the dollar index fell 0.22%. Gold still fell.
- Silver price today: $52.15, down $1.82 (3.37%), 2.9 times gold’s fall. Silver futures closed at their lowest level of 2026. The gold/silver ratio closed at 77.1 and touched 77.25 at 9:30 AM ET, the highest in our 15-minute data.
- Data and central banks: third-quarter GDP grew at a 3.4% rate (forecast 3.2%), core PCE inflation rose 0.3% as forecast, and jobless claims fell to 194,000. The ECB held rates after debating a hike. The average 30-year mortgage rate fell to 7.24%.
Why is gold down today?
Our pre-market note had spot gold at $4,024.52 at 8:41 AM ET, down $42.78 after overnight selling in Asian hours that broke Wednesday’s Fed-day low of $4,024.67. It flagged the overnight low of $4,015.76 and the $4,000 round number below. Gold broke the first at 12:00 PM ET, stopped $5.37 short of the second, and closed $3.95 below the morning price.
The overnight fall was $42.78 of today’s $46.73; the U.S. session added a new low and $3.95 of net change. During the day the usual drivers all moved in gold’s favor. Gold followed them in one stretch in the morning and one burst near the close:
1. The data and the ECB (8:30 to 9:25 AM ET). The 8:30 AM ET reports lifted gold futures $7 to $8 for a few minutes, and spot gold gave it back. At 9:15 AM ET the European Central Bank held rates; the dollar index jumped 0.12 and fell back within 15 minutes, and gold was flat.
2. A spike and reversal at the stock open (9:30 to 9:45 AM ET). As U.S. stocks opened and Nasdaq futures fell 0.6%, gold futures jumped to $4,049.30 and fell back to $4,032 within ten minutes, on 2,593 contracts in one five-minute bar, the heaviest of the day. Spot gold’s high for the U.S. session, $4,037.81, came in this bar. Silver dropped to $51.99 and the ratio rose to 77.25.
3. A dollar-led bounce (10:15 to 10:40 AM ET). Spot gold rose $14 to $4,036.07 as the dollar index fell 0.14 and the 2-year yield slipped to 4.64%. This was the one stretch of the day when gold moved with the dollar. It faded by 11:00 AM ET.
4. Two declines the dollar and yields did not explain (12:00 PM and 1:30 to 2:30 PM ET). At 12:00 PM ET gold futures fell $14 in ten minutes on 3,050 contracts while the dollar index edged lower and Treasury futures were flat. In the same minutes, Iran’s Tasnim and Fars news agencies reported that Tehran had received a letter from Vice President JD Vance about restarting talks and had not replied; Bloomberg’s 12:16 PM ET story added a senior Iranian negotiator suggesting Iran’s terms would not change. Brent crude did not move with gold. The timing lines up; we can’t show that the report caused the drop. From 1:30 PM ET spot gold slid $14 more, to the day’s low of $4,005.37 in the 2:30 PM ET bar, on below-normal volume, with the dollar, yields and oil flat; we found no headline at that time. The 1:00 PM ET 7-year Treasury auction did not move gold for more than a few minutes.
5. A late rebound as yields fell (3:15 to 4:05 PM ET). Spot gold rose $27 from its low to $4,032.61 in the 4:00 PM ET bar, and gold futures reached $4,044.30 at 4:05 PM ET. The sharpest part came at 4:00 PM ET, when Intel and Amazon released quarterly results after the stock-market close: Intel forecast weaker sales and its shares fell about 16% after hours, and Amazon’s results missed forecasts, CNBC and the Financial Times reported. Nasdaq 100 futures fell 1.3% in ten minutes, Treasury prices rose and the 2-year yield fell 0.04 point. Spot gold gave most of the rise back and closed at $4,020.57.
Some news reports said gold fell because hot inflation data reinforced Fed hike bets. Our numbers do not support that: the PCE data matched forecasts on core inflation, and futures cut the odds of a December hike by 9 points during the day. Bloomberg reported that Treasuries rose as the sell-off in big technology shares revived demand for bonds, which fits the timing of the 2-year yield’s fall. We can see when gold was sold and how heavily, not who sold. Gold is on course for a second straight monthly fall, with one trading day left in October.
Gold spot (XAU/USD), past two weeks
How much of today’s move was the dollar?
The dollar did not push gold lower today; it fell. The U.S. Dollar Index closed at 101.90, down 0.22% from Wednesday and 0.25% from this morning, in a range of 101.85 to 102.45. Measured over the U.S. session, the dollar’s moves would have added about 0.1% to gold; gold instead fell 0.1% from the morning. Over the past two weeks gold is down 3.5% and the dollar 0.1%.
Treasury yields fell too. The 10-year yield closed at 4.94% and the 30-year at 5.30%, down 0.08 and 0.03 point from Wednesday, and the 2-year fell 0.10 point to 4.60%. The U.S. Treasury’s end-of-day figures had the 10-year at 4.98% and the 30-year at 5.32%. The 10-year TIPS yield, a common measure of real interest rates, fell 0.04 point to 2.63%, its lowest in 20 trading days and 0.30 point below Sep 30. Lower real yields usually support gold; this week they have not. The average 30-year fixed mortgage rate was 7.24% in Freddie Mac’s new weekly survey (Oct 29), down 0.08 point from a week earlier, and the 15-year was 6.60%, also down 0.08 point.
Gold vs. the U.S. dollar, % change over two weeks
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Today’s economic data and what it means
Three U.S. reports came out at 8:30 AM ET, covered in detail in our pre-market note; the rest of the day added a mortgage survey and a Treasury auction.
| Report | Forecast | Actual | What it means |
|---|---|---|---|
| GDP | 3.2% | 3.4% | Third quarter, annual rate, 8:30 AM ET. Faster than forecast and than the second quarter’s 2.2% |
| Core PCE | 0.3% | 0.3% | September, from August. In line; 3.1% from a year earlier, up from 3.0% |
| PCE prices | n/a | 0.5% | September, food and energy included. 3.6% from a year earlier, up from 3.4% |
| Income | 0.3% | 0.2% | September personal income. Slower than August’s 0.3% |
| Spending | 0.6% | 0.5% | September, in dollars. After inflation, flat, after +0.5% in August |
| Jobless claims | 198K | 194K | Week to Oct 24. The prior week was revised to 195,000 from 194,000 |
| Continuing | n/a | 1.70M | Continuing claims, week to Oct 17. Down from 1.72 million |
| Mortgage rate | n/a | 7.24% | Freddie Mac 30-year average, week of Oct 29, 12:00 PM ET. Down from 7.32% |
| 7-year auction | n/a | 4.894% | $44 billion of notes, 1:00 PM ET. Bids were 2.46 times the amount sold |
GDP (Bureau of Economic Analysis): the economy grew at a 3.4% annual rate in the third quarter, above the 3.2% forecast and up from 2.2% in the second quarter, led by investment, consumer spending and government spending. Sales to private domestic buyers grew 4.9%. Prices in the quarter cooled: the PCE price index rose at a 2.1% annual rate, down from 5.0%, and core PCE at 2.5%, down from 3.3%. Growth this strong gives the Fed no reason to ease.
PCE inflation (Bureau of Economic Analysis): core PCE prices, the Fed’s preferred inflation measure, rose 0.3% in September, as forecast and the same as August, and 3.1% from a year earlier, up from 3.0% and well above the Fed’s 2% goal. Headline PCE prices rose 0.5% in the month and 3.6% from a year earlier, up from 3.4%; the gap with core points to energy. As in the morning note, we read this as no surprise on core inflation.
Income and spending (Bureau of Economic Analysis): personal income rose 0.2% (forecast 0.3%) and spending 0.5% in dollars (forecast 0.6%). After inflation, spending was flat in September after rising 0.5% in August, and the saving rate fell to 3.8% from 4.0%. Higher prices took all of September’s spending increase; that is the softest part of the day’s data and points to a slower consumer.
Jobless claims (Labor Department): first-time claims fell to 194,000 in the week to Oct 24 (forecast 198,000), with the prior week revised up by 1,000 to 195,000. Continuing claims fell to 1.70 million in the week to Oct 17 from 1.72 million. Layoffs remain low, so the job market does not push the Fed toward easing.
Mortgage rates (Freddie Mac): the average 30-year fixed rate fell to 7.24% in the week of Oct 29 from 7.32%, the second weekly fall, and the 15-year to 6.60% from 6.68%. Borrowing costs for households are easing a little from the 7.40% high in mid-October, in line with lower Treasury yields.
7-year note auction (U.S. Treasury): the Treasury sold $44 billion of 7-year notes at a high yield of 4.894%, with bids worth 2.46 times the amount offered. Gold futures rose $8 in the ten minutes after the 1:00 PM ET result and gave most of it back within 25 minutes; the 2-year yield moved 0.005 point. We did not capture the pre-auction market yield, so we can’t say whether the sale came in above or below it.
How the Fed picture changed: fed funds futures implied about 83% odds of a December 9 hike before and just after the 8:30 AM ET data, and about 74% at the close. For the Jan 27 meeting, the odds of a hike at that meeting fell to about 28% from 37% this morning; futures still price about 81% odds of at least one hike by then. The 2-year yield, the market rate most tied to Fed expectations, fell most around the ECB decision and the U.S. stock open and again at 4:00 PM ET.
What it adds up to: strong growth, low layoffs and core inflation steady at 3.1% keep a December hike more likely than not, but flat real spending, the ECB’s decision to hold and lower yields abroad and at home pulled the odds down 9 points during the day. Gold did not rise with the lower odds. Next: the employment cost index, a measure of wage growth, on Friday at 8:30 AM ET (forecast 0.8% for the third quarter).
Iran, the ECB, the Bank of Japan, oil and stocks
- Iran and the U.S.: Iran’s Tasnim news agency reported on Thursday that Tehran had received Vice President Vance’s letter to its security chief, Mohsen Rezaei, and had not replied. The Wall Street Journal reported on Tuesday night that the U.S. had told Gulf allies to prepare for a possible short, intense campaign against Iran after the Nov 3 midterms, and President Trump has denied that peace talks are under way, CNBC reported. Gold’s reaction to the letter report is described above: a $14 drop in futures at noon ET, with oil unchanged.
- Hormuz: Iran’s Revolutionary Guards said three tankers hit mines and caught fire over the previous 24 hours while using what they called an unauthorized route, TASS reported. UKMTO, the British navy’s maritime agency, reported a ship on fire about 9 nautical miles north of Khasab, Oman, with the crew’s status unknown, according to CBS News; we could not open UKMTO’s own notice. U.S. Central Command had rejected reports on Wednesday that ships had struck mines. The reports came out early on Thursday, U.S. time; gold did not rise on them.
- ECB holds, and a hike was on the table: the European Central Bank kept its deposit rate at 2.50% at 9:15 AM ET (8:15 AM CT). President Christine Lagarde said the Governing Council “debated whether a hike was appropriate” before deciding unanimously to hold, and that new projections in December will show whether the case for a hike is confirmed. Euro-area inflation was 3.8% in September. The dollar index rose 0.12 in the decision’s 15 minutes and fell back; gold futures moved within $7 and were flat over the half hour. A day earlier the ECB had said Lagarde will step down on Feb 7, 2027.
- Bank of Japan tonight: the BoJ announces its decision at 10:30 PM ET (9:30 PM CT), after Tokyo inflation data at 7:30 PM ET. A hold is expected.
- Oil: Brent crude for January delivery closed at $111.45, up $1.00 from Wednesday, in a range of $109.02 to $111.80. Oil fell early in the day on hopes of renewed U.S.-Iran talks, CNBC reported, then rose through the U.S. morning, from $109.26 at 9:30 AM ET to $110.42 by 10:15 AM ET, while gold was flat. ExxonMobil’s chief executive pulled out of a Gulf energy conference over security concerns, the Financial Times reported. Oil did not move gold today.
- Stocks: the S&P 500 closed down 0.30% and the Nasdaq Composite down 1.38%, led by technology after Alphabet’s results, while the Russell 2000 of smaller companies rose 1.01% and Europe’s STOXX 600 rose 0.77%. The VIX, Wall Street’s fear gauge, was 17.2. Alphabet fell nearly 13%, its worst day on record, CNBC reported. After the close, Intel and Amazon shares fell on their results, and Nasdaq 100 futures were down 2.5% from Wednesday by 4:55 PM ET. The selling was in big technology companies: small companies rose and the VIX stayed under 20. Gold fell on the day instead of gaining as a haven. Gold-mining shares fell 1.8% against the gold ETF GLD.
Silver price today: down 3.4% to a 2026 low
Spot silver closed at $52.15, down $1.82 from Wednesday’s $53.97 and down 35 cents from our 8:41 AM ET price of $52.50. Most of the fall came overnight with gold’s. In U.S. hours silver dropped to $51.99 just after the stock open, bounced to $52.77 at 10:30 AM ET with the dollar, and slid to $51.97 in the 2:30 PM ET bar, the same bar as gold’s low. It traded below $52 in five 15-minute bars but did not close one below it. Silver futures closed at their lowest level of 2026. Silver is 8.5% below its Oct 16 close of $56.97, against gold’s 3.5% over two weeks.
The gold/silver ratio (how many ounces of silver one ounce of gold buys) closed at 77.1, up from 75.4 at Wednesday’s close. Silver fell 2.9 times as far as gold in percentage terms. It fell further than gold at each low and recovered less at each bounce: in the 4:00 PM ET rebound, gold rose $4.21 in 15 minutes while silver fell 8 cents, so the ratio rose from 76.8 to 77.0. We found no silver-specific news. Metals Focus, the research firm that compiles the Silver Institute’s data, described the physical silver market as weakening in a note today; we have not checked its figures.
Gold/silver ratio, past two weeks
Gold/silver ratio: how it has moved with gold over 90 days
Using daily COMEX futures closes for the 90 days from July 31 to Oct 29 (63 trading days, today’s close included), here is how the ratio behaves when gold moves:
- Silver moves with gold, but further. Daily gold and silver moves had a correlation of 0.83, and silver’s daily move was about 1.4 times gold’s. Over the past 20 trading days it has been about 1.8 times. Today it was 2.9 times on spot.
- The ratio usually moves against gold. On the 23 days when gold moved more than 1%, the ratio went the other way on 18. Gold rose more than 1% on 9 days, and the ratio fell on 6 of them; gold fell more than 1% on 14 days, and the ratio rose on 12.
- Lately, silver has lagged on the way down and not caught up on the way up. In the past month the ratio rose by about 0.60 on an average day when gold fell, and by 0.04 on an average day when gold rose.
- Today followed the pattern. Gold fell and the ratio rose 1.7 on spot. Intraday it rose to 77.25 at the 9:30 AM ET spike, fell to 76.5 in the 10:45 AM ET dollar bounce, and stayed between 76.8 and 77.1 from 1:30 PM ET to the close.
- Where it sits: today’s futures close, about 77.3, is the highest of the 90 days. The 90-day low was 65.65 on Sep 9 and the middle value 68.5.
Gold/silver ratio: where 77.1 sits in the longer history
From daily COMEX futures closes since 2000, and the 2-year Treasury yield from the Federal Reserve:
- The last time the ratio was this high was Nov 26, 2025, when it closed at 78.7 with gold at $4,165 and silver at $52.92. What followed was silver’s run to its record: a month later the ratio was 62.2, and three months later 60.2, with silver up 67% and gold up 28% from Nov 26. That is one episode, during an unusual silver rally, not a forecast.
- A year ago (Oct 28, 2025) the ratio was 84.5, with gold at $3,983 and silver at $47.13. Through Wednesday, gold futures were up 1.7% and silver 13.4% from then, so the ratio is still lower than a year ago.
- Before gold’s record: the ratio was 87.7 in late July 2025, six months before gold’s record close of $5,318.40 on Jan 29, 2026; 84.5 three months before; 62.2 a month before; and 46.6 on the day. Silver’s record close, $115.08, came on Jan 26, with the ratio at 44.2.
- Since the record: gold futures were down 23.8% and silver 53.5% through Wednesday, and the ratio has risen from 44 to 77. The 2-year Treasury yield rose from 3.53% to 4.67% over the same stretch.
- Hawkish and dovish days. Since gold’s record, on the 29 days when the 2-year yield rose 0.05 point or more, gold fell on 22, by 1.1% on average, and silver fell further than gold on 19. On the 20 days when the 2-year yield fell 0.05 point or more, gold rose 0.74% on average and fell on only 6. Today was one of those dovish days (the Treasury’s 2-year yield fell 0.06 point), and gold still fell 1.15% and silver 3.4%. It broke the usual pattern.
- Other times the ratio jumped to 77: since 2000 it has crossed 77 after spending weeks well below it five times (February 2003, October 2003, October 2008, July 2015 and August 2021). Three months later the ratio was lower each time, by 1.7 to 11.7 points; gold was up in two of the five cases and down in three. Five cases is a small sample.
| Ratio level | Ratio | Why it matters |
|---|---|---|
| A year ago | 84.5 | Oct 28, 2025 futures close, three months before gold’s record |
| Last this high | 78.7 | Nov 26, 2025 futures close, before silver’s run to $115 |
| Today’s high | 77.25 | 9:30 AM ET, as gold spiked and silver fell at the stock open |
| Today’s close | 77.1 | Spot at 5:00 PM ET; the highest close in our 15-minute data since Sep 23 |
| Round number | 77.0 | The ratio closed at or just above it in most bars from 1:30 PM ET |
| U.S. low | 76.51 | 10:45 AM ET, in the dollar-led bounce |
| Wed close | 75.4 | Spot, where today’s move started |
| 90-day middle | 68.5 | Median of daily futures closes since July 31 |
| Gold’s record | 46.6 | Jan 29, 2026, the day of gold’s record close |
| January low | 44.2 | Jan 26, 2026, the day of silver’s record close |
In past data, a fall in gold has usually come with silver doing worse and the ratio rising, and since January’s record that has been strongest on days when rate expectations rose. Today the ratio rose on a day when rate expectations fell. That is a description of recent trading, not a forecast.
Gold and silver price levels after the close
| Level | Gold | Silver | Why it matters |
|---|---|---|---|
| Night high | $4,068.88 | $54.39 | Overnight highs, both at 9:15 PM ET Wednesday, at the Asian open. Not retested |
| U.S. high | $4,037.81 | $52.77 | U.S. session highs: gold’s at the 9:30 AM ET stock-open spike, silver’s at 10:30 AM ET. Gold has not closed above $4,036.07 since 10:30 AM ET |
| Wed low | $4,024.67 | $53.30 | Wednesday’s low, broken overnight. Gold closed above it in only seven 15-minute bars today; silver stayed well below |
| Morning low | $4,015.76 | $52.35 | Gold broke it at 12:00 PM ET and closed back above it from 3:15 PM ET; silver broke it at the 9:30 AM ET open |
| Today’s low | $4,005.37 | $51.97 | Both in the 2:30 PM ET bar, on below-normal volume |
| Round number | $4,000 | $52.00 | Gold stopped $5.37 above it. Silver traded below $52 in five bars but closed none below it |
Gold’s range since Wednesday’s close was $64, a little wider than the typical day of about $58 over the past month. At the close gold is 0.5% above $4,000 and silver 0.3% above $52.
Trend check: on our monthly trend model, both metals are in a correction: their 12-month trend, after cash returns, is still up and September was a down month (readings as of Sep 30). Since 2002, gold has risen in the month after a correction month about 60% of the time; that is history, not a forecast. October ends tomorrow, and if it ended at today’s level the model would read bear for gold: gold futures would need to rise about 2.5% by Friday’s close to avoid that. Silver’s reading would stay a correction, with its 12-month cushion now about 6%.
What the Fed is expected to do next
The Fed held rates at 3.75% to 4.00% on Wednesday, with two officials voting for a hike. As of the close, fed funds futures imply about 74% odds of a quarter-point hike at the December 9 meeting, down from about 85% at Wednesday’s close and 83% this morning. For January 27 they imply about 28% odds of a hike at that meeting and about 81% odds of at least one hike by then.
No Fed policy releases or speeches came out today; the Fed’s only release was a bank merger approval. The first scheduled appearance after the meeting is Vice Chair for Supervision Michelle Bowman on Nov 6, on bank supervision. Until then, data and markets set the pace: Friday’s wage data, and the 2-year yield, which closed at its lowest in 20 trading days.
What’s next: tonight through next week
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| Day | Gold | Change | Silver | Silver change |
|---|---|---|---|---|
| MonOct 26 | $4,021.20 | +0.5% | $54.10 | +0.1% |
| TueOct 27 | $4,064.50 | +1.1% | $54.55 | +0.8% |
| WedOct 28 | $4,071.30 | +0.2% | $54.11 | −0.8% |
| ThuOct 29 | $4,025.50 | −1.1% | $52.30 | −3.3% |
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What today means if you buy physical gold or silver
Gold closed about $47 below Wednesday and silver about $1.82 lower, its lowest futures close this year. One ounce of gold now buys about 77 ounces of silver, more than at any daily close in the past 90 days. A few practical points:
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Silver spot (XAG/USD), past two weeks
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Frequently asked questions
How did gold close today?
Spot gold closed at $4,020.57 an ounce at 5:00 PM ET on Oct 29, 2026, down $46.73 (1.15%) from Wednesday’s close of $4,067.29. Its range since Wednesday’s close was $4,005.37 to $4,068.88. For the current bid and ask, see our live metal prices page.
Why did gold fall when Fed hike odds fell?
Most of the fall, $42.78 of $46.73, came overnight in Asian trading hours, before the odds moved, in selling we could not tie to the dollar, rates or news. In U.S. hours the odds of a December hike fell from about 83% to 74% and the 2-year yield and the dollar fell, all of which usually help gold. Gold still made a new low of $4,005.37 at 2:30 PM ET, in two declines that the dollar and yields did not explain; the first came as Iranian media reported Tehran had received a U.S. letter on peace talks and had not replied. Gold rose with lower yields only at 4:00 PM ET, after Intel’s and Amazon’s results hit tech shares.
Why did silver fall so much more than gold?
Silver fell 3.37% against gold’s 1.15%, or 2.9 times as much, compared with about 1.4 to 1.8 times on a typical day over the past three months. It fell further at each of gold’s lows and recovered less on each bounce, and its futures closed at their lowest level of 2026. Since gold’s January record, silver has fallen harder than gold on down days and has not made up the difference on up days, which is why the gold/silver ratio has climbed to 77.
Did the GDP, inflation data or the ECB move gold?
Only briefly. Gold futures rose $7 to $8 for a few minutes after the 8:30 AM ET data (GDP 3.4%, core PCE 0.3% as forecast, claims 194,000) and gave it back. The ECB’s 9:15 AM ET hold, after a debate about hiking, lifted the dollar for 15 minutes and left gold flat.
Is a 2026 low in silver a good time to buy?
We don’t give investment advice, and no one can reliably call short-term lows. Silver closed at its lowest futures level of the year and gold is near $4,000, and the Bank of Japan tonight and Friday’s month-end can move prices further either way. Some buyers add on down days; others buy a fixed amount on a schedule so they don’t have to time the market, which our Auto-Buy program does automatically. Whatever you choose, compare the premium over spot and buy from a dealer that confirms your price when you order.
This note is general market commentary from the Ausecure trading desk, based on data available at 5:00 PM ET on Oct 29, 2026. It is for informational purposes only and is not investment, tax or financial advice, or a recommendation to buy or sell any product. Ausecure is a dealer in physical precious metals and earns revenue from the products discussed. Precious-metal prices can go down as well as up, and past performance does not guarantee future results. Consider your own circumstances, and speak with a qualified adviser if you need one, before you buy.
Sources: OANDA spot gold and silver, TVC dollar index, Treasury yields and Brent crude via TradingView; U.S. Bureau of Economic Analysis (GDP advance estimate, third quarter 2026; Personal Income and Outlays, September 2026); U.S. Department of Labor (weekly unemployment insurance claims, via FRED); CBOT 30-day fed funds futures (Ausecure calculation); U.S. Treasury (daily yield curves; 7-year note auction results via TreasuryDirect); Freddie Mac (Primary Mortgage Market Survey); European Central Bank (monetary policy decision and press conference, Oct 29, 2026); Federal Reserve Board (press releases and calendar); Federal Reserve Bank of St. Louis FRED (2-year Treasury yield); Metals Focus (silver market commentary, Oct 29); Tasnim and Fars news agencies (via Arab News and Bloomberg); Bloomberg, CNBC, CBS News, TASS and the Financial Times (news reports, Oct 29); The Wall Street Journal (report of Oct 27); COMEX gold and silver futures, Treasury futures, Brent futures, Nasdaq futures and index data via Yahoo Finance (delayed); Forex Factory economic calendar; Ausecure monthly trend model (COMEX front-month futures and T-bill rates via Yahoo Finance).
How this note is made: based on Ausecure’s own prices and data and the market sources listed above, then checked and approved by Ausecure before it was published.
