Gold Price Just Hit a Yearly Low. What Are Analysts Saying?

Gold price fell below $3,900 per ounce on October 30, its lowest level of 2026. The precious metal now sits roughly 30% below its January peak. Hawkish Fed bets explain much of the slide, but analysts disagree on how deep the correction could go. Why the Gold Price Keeps Falling in 2026 The latest drop puts gold on track for a second straight monthly loss. Meanwhile, the $4,000 level now acts as fragile support , after repeated tests in recent sessions. Strong US data drives the selloff. Third-quarter GDP growth beat expectations, while September PCE inflation rose 0.5% on the month and 3.6% year-on-year. As a result, traders still see a possible Fed hike in December.

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