Weekly Recap: A Broad Pullback Across Gold, Stocks and the Euro

The week in numbers

The week of 26 to 30 October 2026 ended lower for every market we track. Measured from the previous week's close to this Friday's close:

• Gold: -2.72%
• Nasdaq 100: -1.98%
• Dow Jones: -0.85%
• S&P 500: -0.57%
• EUR/USD: -0.34%

When gold, US stock indices and the euro all fall in the same week, it is easy to assume one story ties them together. Our data does not identify a cause for any of these moves, so we will not suggest one. What we can do is put the numbers in context and explain why traders follow them.

What moved gold

Gold had the largest move of the week, a fall of 2.72%. For a single week that is a sizeable change, especially for an asset many people think of as a steady store of value. Our data does not include news or events that explain the decline.

Gold matters to traders because it often reacts to shifts in interest-rate expectations, the US dollar and general risk sentiment. Because it is priced in dollars, changes in the dollar's value can feed into its price. A move of this size is a reminder that gold can be volatile over short periods, and that position sizing affects how much a given percentage swing means to any one account.

The equity indices

All three major US indices fell, and the gap between them is worth a look:

• The Nasdaq 100, which is weighted heavily toward large technology and growth companies, fell the most at 1.98%.
• The Dow Jones, a price-weighted index of 30 large established companies, fell 0.85%.
• The S&P 500, the broadest of the three with about 500 companies, fell the least at 0.57%.

When the Nasdaq 100 underperforms the broader S&P 500, traders often read it as pressure on growth and technology names in particular rather than a uniform sell-off. Our data does not show which sectors or companies drove the declines, so we cannot confirm that reading. Comparing indices this way is simply a useful habit for seeing where a move is concentrated.

EUR/USD

The euro slipped 0.34% against the US dollar. EUR/USD is the most traded currency pair in the world, and a weekly change of about a third of a percent is a fairly modest move for it. A falling EUR/USD means the euro weakened relative to the dollar, or the dollar strengthened relative to the euro. The pair is shaped by the relative outlook for the US and eurozone economies and their central banks. Our data does not show what was behind this week's move.

The week ahead

Several high-impact US events are on the calendar (times in UTC):

• Tuesday 3 November, 15:16 – US Congressional Elections. No forecast or previous figure was available, which is normal for an event like this. Elections can shape expectations about fiscal policy and regulation, and some traders watch for volatility around the results.
• Friday 6 November, 13:30 – US jobs report. Three releases come out together:

- Non-Farm Employment Change: forecast 63K, previous 29K. This counts jobs added outside farming and is one of the most closely followed economic figures in the world. - Unemployment Rate: forecast 4.2%, previous 4.2%. - Average Hourly Earnings m/m: forecast 0.3%, previous 0.1%. Wage growth is watched as a possible signal of inflation pressure.

The jobs report can move the dollar, stock indices and gold sharply in the minutes after release, especially when the actual numbers differ from forecasts. Spreads can widen and prices can jump, which is why many traders treat release times with extra caution.

Our signal record

Here are our signal records exactly as they stand:

• Signal Engine: no closed ideas yet.
• Team signals: no closed ideas yet.
• ChartViews AI signals: 134 closed ideas, win rate 40%, total +26.63% at 1% risk per idea, 2 still running.

A win rate tells you how often ideas closed in gain, not how big the gains or losses were. That is why a win rate below 50% can sit alongside a positive total. These figures describe past results only and say nothing certain about what happens next.

This recap was written with AI assistance from market data. It is general information, not investment advice. Past performance is not a reliable indicator of future results.