Gold drops to $4,309.5; still +6.81% in 30 days

Gold was $4,309.5 on 2026-09-14, down -2.25% on the day and -2.74% over 7 days, but up +6.81% over 30 days, with a -1.49 z-score versus the trailing 90 days (Yahoo Futures). The setup is a classic model split: short-window weakness against a still-positive monthly tape.

For holders, this matters because the same asset can look like “risk-off insurance” on a 30-day view and “failing momentum” on a 7-day view. If your allocation is meant to hedge, the monthly gain is doing its job; if your allocation is tactical, the negative z-score raises the question of whether the market is mean-reverting after a run.

Within 30 days, the pullback narrative is confirmed if gold can stabilize and keep a meaningful portion of the +6.81% 30-day gain despite recent selling; it’s refuted if the decline extends and erases the month’s advance. The next date that matters is the next daily settle following 2026-09-14.

Figures from yahoo-futures, as of 2026-09-14.