Why is gold down today?

Gold is lower by $58.02 (1.40%) today at $4,081.12 an ounce. The US dollar is almost unchanged (dollar index +0.01%), so this is not a currency effect: the move comes from selling of gold itself. The 10-year US Treasury yield is down 11 basis points at 5.04%; lower yields reduce the cost of holding gold, which pays no interest, but gold is falling anyway. Oil is up 2.7% at $99.74 a barrel, which keeps inflation, and so interest rates, in focus. Silver is down too (−3.87%), moving further than gold, as it usually does. The next major US release is the Fed rate decision on Wednesday, October 28 at 2:00 pm ET. Much of today's news coverage is about oil prices, and the Federal Reserve and interest rates.

Day to day, gold moves mostly with the US dollar (a weaker dollar makes gold cheaper in other currencies), US Treasury yields and interest-rate expectations (gold pays no interest), and the mood in other markets: on fearful days investors often buy gold as a safe haven. Central-bank buying, ETF flows and demand in India and China matter more over months than over a single day.

Automatically, from live data: the gold price and its change, the US dollar index, Treasury yields, stock indices, oil and the other precious metal, the US economic calendar and the topics that come up most in the day's headlines. It says which markets moved together and what usually goes with that. It cannot prove why prices moved, and it is not a forecast or advice.