Gold slips to $4,170.77 per ounce on October 12
USA Today reports that spot gold fell 0.56% on the day, while remaining 3.82% above its level a year earlier.
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what happened
USA Today reported that spot gold stood at $4,170.77 per ounce at 8:05 a.m. ET on October 12, 2026. The metal was down 0.56%, or $23.58, from the previous close of $4,194.35.
Gold traded at $4,017.16 per ounce one year earlier, leaving it 3.82% higher over the past 12 months. Its 52-week low is $3,936.55 and its 52-week high is $5,477.79. The current price is 23.86% below the 52-week high and 5.95% above the 52-week low.
A week ago, gold was priced at $4,149.41 an ounce, marking a 0.51% increase since then. A month earlier, it traded at $4,349.07, representing a 4.10% decline over the period. USA Today says gold is influenced by inflation expectations, central-bank policy, global economic conditions, investor demand and currency movements, particularly the U.S. dollar. XAU/USD is the market symbol for gold priced in U.S. dollars: XAU denotes one troy ounce and USD denotes the dollar.
why it matters
The daily decline comes as gold remains higher than a year ago but well below its 52-week peak. Spot pricing is used as a benchmark for futures, ETFs and retail bullion prices, while coins and bars generally trade with premiums above spot.
instruments
sources
- Gold Price Today on October 12, 2026 — USA Today, 12 October 2026 at 12:22 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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