Gold Price Today Australia (19 October 2026): XAU/USD Eyes $4,200 as Fed Rate Hike Bets Ease - Mitrade

AI desk brief

Gold edged higher as investors scaled back expectations for an imminent Fed hike, with spot quoted around US$4,175–US$4,185/oz and December futures at US$4,196.40. The market is watching whether XAU/USD can clear US$4,200–US$4,220 resistance; nearby support is US$4,165–US$4,150, then US$4,100. The 10-year Treasury yield eased to about 5.065%, while softer oil and financial-stability concerns added to defensive demand.

The piece frames the next catalyst as the 27–28 October FOMC meeting. A sustained break above US$4,220 could open US$4,300, while a failure to hold above US$4,150 would risk a move back toward US$4,100 and potentially US$4,075.