Spot gold slid 1.3% to $4,085.29 an ounce by 0530 GMT, its lowest since October 14, as rising oil prices stoked inflation concerns and reinforced expectations that rates could stay higher for longer. December US gold futures fell 1.2% to $4,100.90. Oil rose after more Houthi attacks in Saudi Arabia led the US to order some diplomats and family members to leave its missions in the Kingdom. CME's FedWatch Tool shows traders see just a 15% chance of a Fed rate hike at the October 27-28 meeting, but a 91% likelihood of an increase in December. Silver dropped 3.3% to $56.05, platinum slid 2.2% to $1,593.05 and palladium fell 2.7% to $1,057.32.
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goldinterest ratesoil pricesUS dollar
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Related tickers and likely impact
XAU/USD
▼ Likely negativeRelevance: high
| Market | Gold |
|---|---|
| Close on 10/21/2026 | 4,141.17 |
| Change that session | +0.39% |
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.7B |
| Close on 10/21/2026 | 4,128.04 |
| Change that session | +0.14% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.1B |
| Close on 10/21/2026 | 4,124.64 |
| Change that session | +0.20% |
DXY
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 101.70 |
| Change that session | 0.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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