Gold has now fallen in 10 of the last 12 weeks, its longest losing run since 1989
The London afternoon benchmark fixed at about $3,890 an ounce on Friday, 3.5% lower than a week earlier and the lowest Friday fix since early October 2025, BullionVault reported. That makes 10 losing weeks out of 12, a run last matched in 2018, 2014, 1999 and 1996, and the worst since 11 down weeks in 12 in spring 1989. Friday’s bounce did not undo the week’s drop of about $150.
Why it matters for gold:
Long losing runs show steady selling pressure rather than one bad day, which is why many traders wait for a change in the weekly structure before treating a bounce as a turn. A streak like this says nothing about next week by itself. The gold cheat sheet has the new weekly pivots and typical range, and the Monday gap guide explains how gold can open after a weekend.
Source: BullionVault