Why Is Gold Going Down Today? Live Price Drivers
A live read of today's gold move: how big it is compared with a normal day, where the price stands against its trend and record, what other markets are doing and which events are coming. It describes the data. It does not claim to know the single reason behind a move.
Gold is trading at $4,072.10 per troy oz, down 0.94% compared with the previous close. That is a normal-sized move: the typical daily move over the last 30 sessions is about 1.25%, and today's change is 0.8 times that size. Markets are closed, so this is the last session.
How gold has moved over longer periods
Changes in the front-month futures close. See the full gold price page for the chart.
Where the price stands against its trend
The latest close is below the 200-day average and below the 50-day average. These describe recent direction and do not predict the next move. For a wider statistical view see the gold price statistics page.
What related markets are doing today
| Market | Price | Change |
|---|---|---|
| Silver | $52.071 | −0.83% |
| Platinum | $1,544.00 | +0.95% |
| WTI Crude | $90.83 | +0.34% |
| Copper | $6.352 | −0.52% |
Gold/silver ratio is 78.66, above its 1-year average of 66.04. Chart and history.
If several related markets move the same way, a broad driver such as the dollar or risk sentiment is more likely than a single-market event. That is a rule of thumb, not proof.
High-impact events coming up
- Core CPI m/m (USD), 10 Nov 2026, 13:30 UTC · forecast 0.2% · previous 0.3%
Inflation data shifts interest-rate expectations, which move the dollar, gold and bonds. - CPI m/m (USD), 10 Nov 2026, 13:30 UTC · forecast 0.3% · previous 0.6%
Inflation data shifts interest-rate expectations, which move the dollar, gold and bonds. - GDP m/m (GBP), 12 Nov 2026, 07:00 UTC · forecast 0.0% · previous 0.1%
Growth data shapes demand expectations for oil and overall risk appetite. - Core PPI m/m (USD), 13 Nov 2026, 13:30 UTC · forecast 0.3% · previous 0.7%
Inflation data shifts interest-rate expectations, which move the dollar, gold and bonds. - PPI m/m (USD), 13 Nov 2026, 13:30 UTC · forecast 0.4% · previous 1.3%
Inflation data shifts interest-rate expectations, which move the dollar, gold and bonds.
Latest gold headlines
-
Brazil picks 27 critical minerals in push for local supply chain
New classification will steer public funding toward domestic processing and projects considered vital to industrial growth.
- Why gold is losing its shine: Goldman breaks down the recent sell-off
- Gold’s Doubling Thesis: $11,200 in 2027, $22,400 by 2034
-
Regis Resources reports fatal accident at Duketon South gold operation in Western Australia
Operations at Duketon have been temporarily suspended and the incident is under investigation.
- Gold’s 3.6% Post-Midterm Rally May Have More to Do With Futures Than Politics
-
Budget extends tax relief but leaves explorers wanting
The renewed critical minerals strategy would support mining and processing technology, research, and funding for projects.
Headlines come from public sources. We list them as context. We do not claim that any headline caused today's move. More gold news.
Our latest analysis
What usually moves gold
Common drivers are the US dollar, interest-rate expectations and real yields, central bank buying, geopolitical risk and demand from jewellery and investors. The relative weight changes from week to week, which is why one explanation rarely fits every move.
What moves the gold priceSafe haven assetsGold price statisticsGold seasonality
Frequently asked questions
Why is gold going down today?
Daily moves come from many forces at once, and price data alone cannot prove a single cause. Today gold is down 0.94% versus the previous close, which is a normal-sized move. Common drivers are the US dollar, interest-rate expectations and real yields, central bank buying, geopolitical risk and demand from jewellery and investors. Compare the move with related markets and the headlines on this page.
How big is today's gold move compared with a normal day?
The typical daily move over the last 30 sessions is about 1.25%. Today's change of 0.94% is 0.8 times that, which is a normal-sized move.
How far is gold from its record high?
The latest close is −23.4% from the record close of $5,318.40 set on 29 Jan 2026.
Is gold in an uptrend or downtrend?
The price is below its 50-day average by 2.7% and below its 200-day average by 8.9%. This describes recent direction and does not predict what comes next.
Information only, not investment advice. Past moves do not predict future prices. Methodology.