Gold slipped below $4,000/oz on Thursday night before buyers pushed it back above that level on Friday, though rebounds have stalled near $4,025. Brent crude rose to a five-month high of nearly $115/barrel and WTI broke above $100/barrel on tension around key Middle East shipping lanes, reinforcing expectations that interest rates could rise and stay elevated for longer. Lower-than-expected weekly jobless claims, a stronger US Dollar and a tech-led stock selloff also weighed on non-yielding gold. Next week brings Wednesday's FOMC decision, followed by the PCE inflation reading and the first estimate of Q3 US GDP.
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Related tickers and likely impact
XAU/USD
▼ Likely negativeRelevance: high
| Market | Gold |
|---|---|
| Close on 10/22/2026 | 4,024.59 |
| Change that session | -2.82% |
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/22/2026 | 4,036.10 |
| Change that session | -2.23% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/22/2026 | 4,030.01 |
| Change that session | -2.29% |
DXY
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/22/2026 | 101.62 |
| Change that session | -0.07% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 704.39 |
| Change that session | -0.01% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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