Gold dipped as escalating Middle East hostilities raised inflation risks, even though the Federal Reserve is still expected to hold rates steady in the near term. Spot gold fell 0.4% to $4,123.39 an ounce and silver slipped 0.7% to $57.54. Oil rose after the US State Department ordered non-emergency staff and their families to leave Saudi Arabia and a drone strike on a Saudi Aramco field left two people dead. Bullion has lost about a fifth since the US-Iran conflict erupted in late February, and the probability of a quarter-point hike at the next meeting sits below one-in-six, though traders widely expect an increase at the December meeting. Recent data showed weaker US housing starts and record-low pending home sales.
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Related tickers and likely impact
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: medium
| 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: medium
| 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: medium
| Market | Gold |
|---|---|
| Close on 10/21/2026 | 4,141.17 |
| Change that session | +0.39% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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