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The latest verifiable reading for the dollar-denominated international gold price is COMEX gold futures (GC) at $4,033.2/oz, the 2026-10-29 close, with a daily change of -1.17%, based on 120 bars. Converted to the domestic market, the SHFE gold main contract AU closed the 2026-10-30 night session at 860.7 yuan/g, down 1.02% on the day. The conversion between the two markets can be understood via constant factors: 1 troy ounce equals 31.1035 grams, so multiplying the USD/oz price by 31.1035 and dividing by the CNY exchange rate gives an approximate yuan/g level. Note that the two markets close at different times (COMEX closes on 10-29, SHFE on the 10-30 night session), so intraday moves will not be perfectly synchronized, and the domestic night session also absorbs overnight moves in international markets. When checking today's gold price, it is best to look at both the USD/oz and yuan/g readings: the former reflects global pricing, while the latter is the actual reference price for buying and selling domestically.
Gold closed down 1.17% on 2026-10-29. By driver ranking, the highest-weight factor is the US Treasury yield trend (+68). The 10Y Treasury yield currently stands at 5.0%, having fallen a cumulative 32bp over 20 days — note this is a pre-event historical reading, serving as the baseline backdrop for the rate environment. The rates-gold relationship works as follows: rising real rates raise the opportunity cost of holding gold, since gold pays no interest. On the currency side, the dollar index DXY stands at 101.929 (2026-10-30); dollar strength directly affects the cost of dollar-priced gold for non-US buyers. On the policy path, the federal funds rate ceiling is currently 4.0%, with the next FOMC meeting set for 2026-12-10; market pricing implies a 76% chance of a hike, 24% unchanged, and 1% a cut. In other words, the market's base case leans toward further hikes, and this expectation suppresses gold valuations through the rates channel. On inflation, the 2026-09 readings were CPI +3.7% y/y, PPI +6.34% y/y, and core PCE +3.12% y/y; inflation stickiness underpins the market's hawkish pricing and forms the macro backdrop for the day's pressure on gold.
Against the rates-side pressure, gold's support comes from two other drivers: central bank buying (+45) and the US debt burden (+37). On central bank net purchases, the cumulative total over the 12 months to 2026-08 is +311 tonnes — this persistent buying provides a base level of demand independent of the rate cycle. On the debt dimension, US debt/GDP was 121.2% in 2026-Q2; high debt levels typically reinforce market concerns about long-term currency purchasing power, which is the logic behind gold's role as an asset free of sovereign credit risk. Energy prices also play an indirect role: Brent crude is at $111.54, up +6.4% over 30 days; rising oil may influence the rate path via inflation expectations and thus transmit to gold. Overall, the day's -1.17% decline mostly reflects short-term rate and dollar pricing fluctuations, while the two medium-term factors — central bank buying and the debt burden — remain positive contributors, forming the source of structural buying below the gold price.
For everyday readers, tracking today's gold price can center on a few fixed groups of numbers: first, the prices themselves — the COMEX GC USD/oz reading and the SHFE AU yuan/g reading, noting their different cutoff times; second, rates and the dollar — the 10Y Treasury yield (currently 5.0%) and DXY (currently 101.929) are the two most direct intraday variables; third, the policy calendar — the next FOMC is on 2026-12-10, and changes in pre-meeting market pricing (currently 76% hike / 24% unchanged / 1% cut) often show up in prices first; fourth, inflation and payrolls data — the 2026-09 CPI +3.7% y/y, core PCE +3.12% y/y, and nonfarm payrolls +29k, which revise market expectations for the rate path. This page will be updated with in-depth reviews as markets and data evolve; readers can also return to the homepage for the latest daily gold readings and driver rankings, placing any single-day move within the three main lines of rates, central bank buying, and debt — rather than looking at just one percentage change.
The latest reading is COMEX gold futures (GC) at $4,033.2/oz, the 2026-10-29 close, down 1.17% on the day. Domestically, SHFE AU closed the 2026-10-30 night session at 860.7 yuan/g, down 1.02%. The two readings have different cutoff times, so intraday differences will exist.
1 troy ounce = 31.1035 grams — this is a constant conversion factor. Multiply the USD/oz gold price by 31.1035, then divide by the CNY exchange rate to approximate the yuan/g price. For example, using COMEX at $4,033.2/oz and the current exchange rate gives an estimate of the domestic yuan/g level; actual trading prices should follow SHFE AU (860.7 yuan/g, 10-30 night session).
Gold closed down 1.17% on 2026-10-29, and the highest-weight driver is the US Treasury yield trend (+68). The 10Y yield is currently 5.0%, and market pricing for the 2026-12-10 FOMC implies a 76% chance of a hike, 24% unchanged, and 1% a cut; hawkish rate expectations suppress gold by raising the opportunity cost of holding it, and the dollar index DXY at 101.929 is also an intraday pricing variable.
Gold pays no interest, so rising real rates increase the opportunity cost of holding gold and typically pressure prices; falling rates are bullish for gold. The 10Y Treasury yield is currently 5.0%, with a 20-day cumulative move of -32bp (a pre-event historical reading, serving as the baseline for the current rate environment). In the driver ranking, the Treasury yield trend carries the highest weight (+68).
Yes. Through 2026-08, central bank net purchases over the past 12 months totaled +311 tonnes, with a weight of +45 in the current driver ranking — an important medium-term support for gold. Central bank buying is structural demand, independent of the rate cycle, and only weakly correlated with short-term moves.
US debt/GDP was 121.2% in 2026-Q2. High debt levels reinforce market concerns about long-term currency purchasing power and fiscal sustainability, raising gold's value as an asset free of sovereign credit risk. This factor carries a weight of +37 in the current driver ranking, placing third.
The next FOMC meeting is on 2026-12-10. Current market pricing implies a 76% chance of a hike, 24% unchanged, and 1% a cut — the base case leans toward a hike. Changes in this pricing before the meeting affect gold through rate expectations and are a key policy checkpoint when tracking gold.
The latest readings are for 2026-09: CPI +3.7% y/y, PPI +6.34% y/y, core PCE +3.12% y/y. Inflation stickiness underpins the market's hawkish rate pricing, and the rate path in turn directly affects gold. In addition, Brent crude is at $111.54 (+6.4% over 30 days); rising oil may indirectly transmit to gold via inflation expectations.
Gold is priced in dollars, so a stronger dollar raises the cost of gold for non-US buyers and dampens demand — typically negatively correlated with gold. DXY is currently 101.929 (2026-10-30). When tracking intraday gold, DXY and the 10Y Treasury yield are the two most direct variables to watch in sync.
The latest nonfarm payrolls figure is +29k (2026-09). Employment data revise market expectations for the Fed's rate path: employment strength or weakness affects hike/cut pricing, which in turn influences gold through the rates channel. Current market pricing for the 2026-12-10 meeting implies a 76% chance of a hike, 24% unchanged, and 1% a cut.