DOREX WEEKLY GOLD MARKET UPDATE – w/e 23.10.26: How Much Can Gold Bear? – Get The Word Out - Press Release Distribution Australia

AI desk brief

Gold fell over the week ended 23 Oct 2026, closing at $3,994.60/oz after trading between $3,986.73 and $4,143.40 and slipping back below the psychologically important $4,000 level. The note says rising oil prices, renewed inflation worries and firmer expectations for restrictive US policy lifted Treasury yields and the dollar, while equity weakness also prompted some institutions to liquidate gold for liquidity.

The piece also points to strategic official-sector support in the background, citing June 2026 reserve data showing China adding about 33 tonnes to 2,346 tonnes. Near term, the author expects continued volatility as markets watch Fed policy, energy prices and Middle East tensions.