Spot gold dropped 0.2% to $4,117.31 an ounce on Wednesday, while US gold futures fell to $4,134.92, as investors weighed uncertainty over ending the US–Iran conflict and US interest rate expectations. Silver, platinum and palladium also traded lower. Gold has fallen more than 1% since the start of the week and is about 20% below its level when the conflict began in late February. The conflict has pushed up energy prices and inflation worries, and oil eased on reports of possible talks, though a diplomat later dismissed a quick settlement. The Fed is expected to hold rates at its Oct. 27–28 meeting, with traders pricing about an 85% chance of another hike before year-end, as inflation remains above its 2% target.
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Related tickers and likely impact
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/20/2026 | 4,122.25 |
| Change that session | -0.28% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/20/2026 | 4,116.60 |
| Change that session | -0.42% |
XAU/USD
▼ Likely negativeRelevance: high
| Market | Gold |
|---|---|
| Close on 10/20/2026 | 4,125.21 |
| Change that session | -0.38% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
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