Gold fell on Wednesday, with XAU/USD down 0.6% to $4,115.72 an ounce, as renewed Middle East hostilities revived concerns about energy-driven inflation. The US State Department ordered non-emergency government staff and their families to leave Saudi Arabia, after a drone strike on a Saudi Aramco oil field killed two people. Treasury yields rose across maturities, with the two-year yield at a one-week high, while housing starts fell in September and pending home sales dropped to a record low. Gold has lost about a fifth of its value since the US-Iran conflict erupted in late February, and markets put less than a one-in-six chance on a rate increase at the Fed's October 27-28 meeting, where Fed Chair Kevin Warsh's recent remarks did little to shift expectations of a hold.
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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 | $1.8B |
| 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 | $3.4B |
| Close on 10/21/2026 | 4,124.64 |
| Change that session | +0.20% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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On the morning of October 22, SJC, PNJ, DOJI and Bao Tin Manh Hai all quoted gold bars at 139.3–142.3 million VND per tael (buy–sell), while Bao Tin Minh Chau and Phu Quy had lower buy prices of 138.1 and 138.7 million. Prices for 9999 gold rings varied more across brands, from a buy price of 137.1 million at Bao Tin Manh Hai to a top sell price of 142.1 million at Bao Tin Minh Chau. Internationally, gold traded around USD 4,100–4,130 per ounce, supported by lower US Treasury yields and safe-haven demand, but pressured by expectations that the Fed could keep raising rates and by uncertainty over energy supply through the Strait of Hormuz. US September CPI rose 3.7% year on year and PPI rose 6.3%, while investors still expect the Fed to hold rates at its October 27–28 meeting.
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