Gold prices fell for a fourth straight session on Wednesday as rising oil prices stoked inflation concerns, with Brent touching $111.99 a barrel on Tuesday, its highest since May 20. Spot gold slipped 0.1% to $4,119.37 an ounce, while silver fell 1.1% to $57.35, platinum dropped 0.6% to $1,639.47 and palladium lost 1% to $1,091.78. The Federal Reserve is widely expected to hold rates at its October 27-28 meeting, but traders saw an 88% chance of a December hike, per CME's FedWatch Tool, and investors await US PCE inflation data next week. Higher rates and a stronger dollar typically weigh on gold, which pays no interest.
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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 10/20/2026 | 4,125.21 |
| Change that session | -0.38% |
DXY
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/20/2026 | 101.70 |
| Change that session | -0.28% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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- Gold , silver fall as higher crude oil prices revive rate - hike concerns
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