Gold prices sharply dropped on Thursday, erasing all gains made since summer. The decline is unusual as it occurred despite a weaker US dollar and falling bond yields, which typically support gold. Analyst Jesse Colombo suggests the selloff may be linked to a potential yen intervention by the US government to strengthen the yen, alongside technical liquidations from tech stock selloffs and risk aversion ahead of the upcoming Federal Reserve meeting. Gold is now testing key support levels around $4,000 per ounce, and further moves will depend on whether these levels hold or break.
Gold price action is the subject, providing market context for readers. For readers following US stocks on Pluang, here is the market snapshot as of Oct 23, 2026 01:21 WIB: out of 150 priced US stocks, 66 rose and 84 fell. Notable movers include NVAX at USD 9.94 with a 1-day change of -9.72% and Pluang order activity of 99% Sell, MRVL at USD 221.65 down 9.44% with 80% Sell activity, and LCID at USD 3.46 up 7.79% with 100% Buy activity.
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