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Spot Gold Rises 0.53% to $4,017/oz, Holding Near $4,000 Mark

Spot gold rose 0.53% to $4,017.14 an ounce in late New York trading on Monday, October 26, trading in a range of $3,978.32 to $4,029.84 and staging a V-shaped reversal around 21:58 Beijing time. The metal has held near the $4,000 psychological threshold for the past two sessions. Spot silver gained 0.17% to $53.9833 an ounce, while COMEX copper futures rose 0.58% to $6.5450 a pound.

Original source

AI take

The more telling detail is the intraday V-shaped reversal rather than the modest close, suggesting buyers stepped in on the dip toward the range low and defended the $4,000 area. Gold and silver moving together while copper also firms points to a broader metals bid rather than a gold-specific story. Whether the metal can establish a base above $4,000, or keeps chopping around it, is the open question for the sessions ahead.

Generated by AI for reference only.

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