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Gold holds 4083.98 after a 580.9 pip New York range

FOMC Meeting Minutes are scheduled at 18:00 UTC, 259 minutes away

XAUUSD · New York session · Published Oct 7, 2026, 1:40 PM

Gold last traded at 4083.98, inside a New York session that has run 580.9 pips from a high of 4124.64 to a low of 4066.55. The nearest level above is the round number at 4090.00, 60.2 pips away, and the nearest below is the round number at 4080.00, 39.8 pips away.

London closed at 4121.78 after a 307.1 pip range, with a high of 4139.66 and a low of 4108.94. An ordinary day over the last 14 covers 820.2 pips, and the latest day sits at the 38th percentile of the last 42 days we hold, which is an ordinary day for this market.

The FOMC Meeting Minutes at 18:00 UTC carry impact 3 of 3, and over 115 past releases of that family XAUUSD moved 75.00 pips on average in the first 15 minutes and 146.30 in the first 60, in either direction. The 10-Year Note Auction and a speech by President Trump are both scheduled at 17:00 UTC, and Fed Governor Waller speaks at 08:30 UTC on 2026-10-08.

Large speculators are net long 218632 contracts, a change of -7221 on the week, the 73rd percentile of the last 52 weekly reports. The most recent headline graded for XAUUSD came at 12:30 UTC from FXStreet on US Dollar NFP release reliability, graded impact 2 of 3.

Session brief

  1. XAUUSD, New York sessionOpen 4121.78, high 4124.64, low 4066.55, close 4083.98: a range of 580.9 pips over 101 minutes, from our own one-minute candles.
  2. XAUUSD reference levelsPrevious day and previous week high and low, the session open and the round numbers either side, measured on our own candles.
  3. XAUUSD, London sessionOpen 4130.64, high 4139.66, low 4108.94, close 4121.78: a range of 307.1 pips over 300 minutes, from our own one-minute candles.
  4. XAUUSD daily rangeAn ordinary day of the last 14 covers 820.2 pips. The latest day sits at the 38th percentile of the last 42 days we hold, which is an ordinary day for this market. Measured on our own candles.
  5. XAUUSD reaction to fomc_usdOver 115 past releases XAUUSD moved 75.00 pips on average in the first 15 minutes and 146.30 in the first 60, in either direction. Measured on our own one-minute candles.
  6. Economic calendar for XAU and USD8 scheduled releases of impact 2 or 3 in the 24 hours to 2026-10-08 13:40 UTC. Our calendar covers up to 2026-11-06 00:00 UTC.
  7. CFTC Commitments of Traders, 088691Large speculators are net long 218632 contracts, a change of -7221 on the week. That is the 73rd percentile of the last 52 weekly reports.
  8. US Dollar: Assessing NFP release reliability – Standard CharteredFXStreet. Graded impact 2 of 3 for XAUUSD by our headline classifier.
  9. USD FOMC Meeting MinutesScheduled 2026-10-07 18:00 UTC, impact 3 of 3. From Forex Factory.

Written once by FxMind's desk from our own market data, the same text every reader sees.

Context on the market, not a trade recommendation. The decision is the trader's.