Gold was little changed in Asian trade on Tuesday, hovering around $4,140 an ounce after recovering early losses. Reports put it inside a range of about $4,063.55 to $4,227.53 that has contained trading for nearly three weeks.
The US 10-year Treasury yield sat near 5.15%, holding Monday's gains after dipping to around 5.07% last week. Higher yields raise the opportunity cost of holding non-yielding bullion, which is why gold has struggled to extend gains even with US inflation running hot. Analysts also pointed to oil: WTI traded around $98 to $99, up almost 15% in two weeks from a low near $86, as Middle East supply worries lifted energy prices.
On technicals, quoted levels showed gold below its 20-day exponential average near $4,187, with RSI around 44, a mildly soft reading. Commentators flagged $4,000 as nearby support and $4,300 as resistance. Those are reference levels, not forecasts.
The Federal Reserve is in its pre-meeting blackout ahead of the October 27 to 28 FOMC, so officials are not offering fresh guidance. Pricing tools cited in coverage show no change expected in October. Traders will watch yields and any further oil moves for direction.
Market commentary for information only; not trading advice. Figures are approximate and drawn from published market reports on 20 October 2026.