Gold prices faced sustained downward pressure during the week of October 26, 2026, as elevated U.S. Treasury yields and expectations for further Federal Reserve tightening raised the opportunity cost of holding non-yielding bullion. The 10-year yield hovered near multi-decade highs around 5.3%, while the dollar index remained firm, amplifying selling in XAU/USD. Spot gold opened near $4,010–$4,020, traded briefly above $4,070 mid-week, then plunged below $3,900 on October 30 amid softening ETF inflows and persistent inflation concerns that kept policy expectations hawkish. Central bank purchases provided some structural support, but recent data releases and bond-market dynamics dominated trader sentiment for weekly price thresholds.