Gold prices moved lower on 20 October 2026 ahead of the US Federal Reserve’s interest rate decision, which is due next week. By our market data, gold stood at $4,119.73 an ounce as of 06:17 GMT, near its 31-day low.
The decline was attributed to the dollar’s trend and to expectations for interest rates. Traders are watching the Fed closely after the federal funds rate was set at 3.88 percent on 16 October.
Domestic prices follow the ounce
In Turkish lira terms, the gram gold buy price was 6,578.53 TL and the sell price 6,579.41 TL. The quarter gold buy price stood at 10,679 TL and the sell price at 10,756 TL.
Half gold was quoted at 21,357 TL to buy and 21,505 TL to sell.
Republic gold and positioning
Republic gold was quoted at 42,578 TL to buy and 42,851 TL to sell. CFTC data shows speculators net long gold at 207,879 contracts in the report of 13 October 2026. That was down from 210,335 contracts a week earlier, a fall of 2,456 contracts.
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Related: Gold slips to $4,190 as dollar firms ahead of US inflation data · Gold Holds Near $4,178 an Ounce
Data: LBMA · FRED — St. Louis Fed · CFTC
