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By James Wilson • Updated Oct 23, 2026 at 07:30
Gold Price Forecast: XAU/USD hits fresh three-month low below $4,000 amid surging energy prices - FXStreet

Gold prices drop to a three-month low near $4,000

Gold prices have hit a three-month low, dropping below $4,000. The decline is due to rising fuel prices and AI market instability. Prices for Chinese jewelry have also declined, parallel to the gold market. The reduction in gold prices is a latest development, with the XAU/USD falling to a three-month low dropping below $4,000. This situation is shaped by surging energy prices and ongoing market turbulence in the AI industry.

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