Gold prices today, Monday, October 26, 2026: Gold opens at 3-month lows at the start of Fed week - Yahoo Finance

AI desk brief

Gold December futures opened at $4,012.20/oz on Monday, up 0.1% from Friday, but still at their lowest levels since July 20; spot was $4,028.30/oz at 7:05 a.m. ET. The article frames the move around Fed week, with CME FedWatch showing a 90.6% chance of no change this week and a 72.1% probability of a 25 bp hike by December, a setup that remains a near-term headwind for bullion given elevated inflation and higher-rate expectations.

On a one-week basis, gold is down 4.1%, down 6.9% over one month, and down 3.2% year over year, though the piece notes the metal was still up 95.6% on Jan. 29. The article reiterates the usual macro channels for gold—rates, inflation, central bank buying, geopolitics, and mining supply—without adding new flow or positioning data.