The Week That Was — October 24, 2026
Gold fell 4.08% and silver 5.29% in the week to Friday, most of it on Thursday, a day when the US 10-year Treasury yield dropped 17 basis points and the textbook support for metals did not show up.
The week in numbers
| Instrument | Week close | Week change | Four-week change |
|---|---|---|---|
| Currencies | |||
| EUR/USD | 1.12011.1181 –1.1261 | -0.33% | -1.49% |
| GBP/USD | 1.33661.3297 –1.3419 | +0.29% | +0.84% |
| USD/JPY | 156.83156.07 –158.60 | -0.76% | -0.34% |
| USD/CHF | 0.82460.8191 –0.8270 | +0.09% | -0.87% |
| AUD/USD | 0.70330.6950 –0.7038 | +1.29% | +0.23% |
| NZD/USD | 0.56960.5649 –0.5710 | +0.83% | +0.54% |
| USD/CAD | 1.40001.3968 –1.4133 | -1.00% | -1.23% |
| USD/CNH | 6.66896.6684 –6.6854 | -0.25% | -0.65% |
| Precious metals | |||
| Gold | 3,995.213,975.33 –4,190.31 | -4.08% | -2.89% |
| Silver | 53.8353.01 –58.59 | -5.29% | -11.22% |
| Crypto | |||
| Bitcoin | 81,40380,684 –84,898 | -0.40% | -3.62% |
| Ether | 2,401.682,329.00 –2,526.62 | -0.58% | -9.77% |
Week to the New York close on October 23, against the previous week's close. Under each close: the week's low and high. Four-week change is against the close three weeks earlier. Indicative bid-side prices from minute data.
The week in brief
It was a fragmented week, not a dollar week: on the Currency Compass, one common dollar move explained 41.6% of price action on average, against a six-month norm of 53.2%. The commodity currencies led, with the Australian dollar up 1.29% and the Canadian dollar up 1.01%, each more than twice a typical week, while the euro slipped 0.33%. Thursday's slide in US technology shares, which media reports tied to renewed doubts over the return on AI spending, pulled Treasury yields sharply lower and lifted the yen. Metals and crypto fell with equities rather than rising with bonds. Oil stayed at the center of the story, with media reports pointing to renewed Gulf shipping and security risks and to the inflation and rate pressure that comes with them.
