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Gold price today: trend, volatility and seasonality

Data updated October 13, 2026

4,156usd/t.oz−0.37% today

Gold last traded at 4,156 usd/t.oz (close of October 13, 2026), down 3.7% year to date and up 0.8% over twelve months.

It is in a downtrend: both the price and its 50-day average are below the 200-day average, with the price 8.1% below that average.

Over the past 52 weeks it has ranged between 3,931 and 5,440; today's price sits at 15% of that range.

One-month volatility is 21% annualised, close to the middle of its historical range, and the largest fall from a high in the last year was 26.9%.

Returns by period

1W
−0.1%
1M
−4.3%
3M
+2.6%
6M
−14.1%
Year to date
−3.7%
1Y
+0.8%
3Y
—
5Y
—

Spot price changes, close to close. They do not include the roll cost or carry of futures, which is what commodity ETFs earn.

Gold over five years (start = 100)

100.00120.00140.00160.002026
Spot price, indexed200-day moving average

Trend and risk

Trend (50/200-day)
Downtrend
vs 200-day average
−8.1%
RSI (14 days)
43
Momentum 12-1
+5.4%
Volatility 1M
20.6%
Volatility 1Y
28.3%
Max drawdown 1Y
−26.9%
52-week range position
15%

Futures positioning (CFTC COT)

Managed money (hedge funds and CTAs) held a net long position of 110,987 contracts in Gold (28.0% of open interest), in the lower part of its one-year range. Report of October 6, 2026.

Gold COT report: positions, history and what followed extremes →

Questions

How has gold performed this year?

As of October 13, 2026, Gold is −3.7% year to date and +0.8% over the last twelve months, at 4,156 usd/t.oz.

Is gold above its 200-day moving average?

No: the price is 8.1% below its 200-day average of 4,528. With the 50-day average also below it, the trend reads as down.

How volatile is gold?

Its one-month volatility is 20.6% annualised and one-year volatility 28.3%. Current volatility is at the 41th percentile of all one-month windows in the available history.

Are hedge funds long or short gold?

Managed money (hedge funds and CTAs) held a net long position of 110,987 contracts in Gold (28.0% of open interest), in the lower part of its one-year range. Figures from the CFTC Commitments of Traders report of October 6, 2026.

Related

Source: MarketStack commodity prices; CFTC Commitments of Traders (Disaggregated, futures only). Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.