Spot gold dipped 0.3% to $4,013.91 an ounce in Asian trade on Friday, after falling to a three-month low in the previous session. Oil prices kept rising after Yemen's Houthi group attacked targets in Saudi Arabia, with Brent crude reaching $114 a barrel, a fresh five-month high. Higher crude could keep inflation elevated and prompt central banks to stay restrictive for longer, which raises the opportunity cost of holding non-yielding gold. Recent US inflation data came in hotter than expected, and CME FedWatch shows a 78% probability of a December rate hike, although the Fed is widely expected to hold rates at its October 27-28 meeting. Gold was on track for a weekly loss of more than 3.5%, while silver fell nearly 6% on Thursday and platinum was flat at $1,567.10 an ounce.
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goldoil pricesinterest ratesinflationFed
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Related tickers and likely impact
XAU/USD
▼ Likely negativeRelevance: high
| Market | Gold |
|---|---|
| Close on 10/22/2026 | 4,024.59 |
| Change that session | -2.82% |
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/22/2026 | 4,036.10 |
| Change that session | -2.23% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/22/2026 | 4,030.01 |
| Change that session | -2.29% |
DXY
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/22/2026 | 101.62 |
| Change that session | -0.07% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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