#xauusd On Tuesday (October 20), the gold market saw a slight pullback, with gold closing down 0.37% at $4,125.08 per ounce after touching an intraday low of $4,111.58. December gold futures settled 0.4% lower at $4,142.60. Despite a weaker U.S. Dollar Index briefly pushing gold to around $4,155, all of those gains were erased before the close, suggesting that investor caution ahead of next week’s Federal Reserve policy meeting is dominating the market. Gold is now about 26% below its record high of $5,594.82 set in January and around 22% below its level at the start of the Iran conflict. The market is at a critical juncture, where sentiment and technical factors are converging. During Asian trading on Wednesday (October 21), spot gold remained under pressure, trading near $4,119.