Gold (XAU/USD) is trading at 4,040.11 in the New York session, up 4.01 (0.1%) from the previous close of 4,036.10. It has recovered from a session low of 4,002.00, which is also the lowest print of the past 20 days, but it is still 3.32% lower on the week. The next test comes at 13:45 UTC with the US flash PMIs.
Key figures
| Instrument | Last | Daily change | 20-day high | 20-day low | 20-day average |
|---|---|---|---|---|---|
| Gold (XAU/USD) | 4,040.11 | +4.01 (+0.1%) | 4,211.15 | 4,002.00 | 4,143.21 |
Today's high is 4,046.08 and the previous close was 4,036.10. The weekly change is -3.32%.
Where is gold trading against its recent range?
Gold is in the lower part of its 20-day range. The range runs from 4,002.00 to 4,211.15, a spread of 209.15, and the current price is 38.11 above the floor, roughly 18% of the way up.
Some other useful reference points from the data:
- Distance from the 20-day average: 4,143.21 is 103.10 above the current price.
- Distance from the 20-day high: 4,211.15 is 171.04 away.
- Today's range: 44.08 from 4,002.00 to 4,046.08, with price near the upper half.
A bounce of this kind off the low shows that buyers stepped in near 4,002. It does not by itself change the broader picture, because price remains well under the average. Traders often watch how a market behaves on a first retest of a fresh multi-week low. For more on how these zones fit into a wider framework, see our guide to the macroeconomic drivers of gold.
What are the key gold levels to watch in New York?
The most important level is 4,002.00, because it marks both today's low and the 20-day low. The nearby levels, based only on the numbers above, are:
- 4,002.00: a move back below it would put gold at a new 20-day low and show the bounce failed.
- 4,036.10: yesterday's close, which price is hovering just above.
- 4,046.08: today's high. A sustained break above it would extend the recovery.
- 4,143.21: the 20-day average, the next major reference if the rebound builds.
- 4,211.15: the 20-day high, a long way off from here.
A close back below 4,002.00 would suggest sellers still control the short-term trend. A push through 4,046.08 would show the market growing more comfortable with the bounce. Neither outcome is certain, and the US data below may decide which is more likely.
What is happening with silver, the dollar and yields?
The data for this update covers gold only, so we cannot give current moves for silver, the dollar index or Treasury yields. Before acting on any gold move, check them yourself.
The relationship is a familiar one. Gold pays no interest, so rising real yields and a stronger dollar tend to weigh on it, while falling yields and a softer dollar tend to help. Silver often follows gold's direction with larger swings. A gold bounce that is not confirmed by a weaker dollar or lower yields may be less reliable. Our piece on macro catalysts driving XAU/USD explains how traders connect these markets.
Which US events can move gold today?
Three scheduled releases from the US fall within the next hour. All times are UTC:
- 13:45 – US Flash Manufacturing PMI: forecast 55.4, previous 57.0.
- 13:45 – US Flash Services PMI: forecast 57.9, previous 58.7.
- 14:00 – Revised UoM Consumer Sentiment: forecast 46.3, previous 46.3.
- 14:00 – Revised UoM Inflation Expectations: previous 4.7%, no forecast given.
The forecasts for both PMIs are lower than the previous readings, so the market is already expecting some cooling. A result above forecast could point to a firmer US economy, which often lifts yields and the dollar and may pressure gold. A weaker result could have the opposite effect. The inflation expectations figure matters because it can shape views on interest rates, which gold is sensitive to.
Earlier today the UK retail sales, French, German and UK flash PMIs were also scheduled. Their results are not in our data, so check them for any spillover into the dollar. Expect wider spreads and faster moves around 13:45 and 14:00 UTC. Our guide to trading the London and New York crossover covers how liquidity behaves around these windows.
Frequently asked questions
What is the gold price right now?
XAU/USD is at 4,040.11 as of the New York session, up 4.01 or 0.1% from the previous close of 4,036.10. The session range so far is 4,002.00 to 4,046.08.
Is gold near its 20-day low?
Yes. Gold touched 4,002.00 today, which is the 20-day low, and now sits 38.11 above it. The 20-day average is 4,143.21, so price is still well below the typical level of the past month.
Which data releases matter for gold this afternoon?
The US flash manufacturing and services PMIs at 13:45 UTC, followed by the revised University of Michigan sentiment and inflation expectations at 14:00 UTC. Results that differ sharply from forecasts can move the dollar and yields, and gold often reacts to both. For a broader look at how traders interpret trade ideas around events like these, see our page on gold signals.
Trading gold and other leveraged products involves risk, and you can lose more than you expect when volatility rises around data releases. Sizing positions carefully matters; our article on gold position sizing is a good starting point. The levels in this article are for education only and are not financial advice.
Risk warning: trading gold, forex, CFDs, indices and crypto involves significant risk of loss. Signals are educational information, not personal financial advice, and past results do not guarantee future performance. FXPremiere is a signal provider, not a broker.
