Gold Hints at Quiet Accumulation Despite Persistent US Dollar Strength
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Forexcom
Monday, October 12, 2026 at 09:45 PM UTC

Gold Hints at Quiet Accumulation Despite Persistent US Dollar Strength

Currency Pairs:💱 XAU-USD

Gold prices are showing signs of stabilisation following a 14% decline from their August high, despite the US dollar index reaching an 18-month high. Falling trading volumes and waning bearish momentum suggest selling pressure is easing, while technical support above $4,000 could provide a foundation for a rebound towards $4,300.

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Gold Hints at Quiet Accumulation Despite Persistent US Dollar Strength