Gold held its decline as elevated oil prices fueled inflation concerns and clouded the Federal Reserve's rate-hike outlook. Spot gold traded around $4,135 an ounce after falling 0.6% in the previous session, while silver fell 0.3% to $56.93. Oil hovered near a five-month high after Iran said it has 'no choice' but to assert control over the Strait of Hormuz. Fed Chair Kevin Warsh signaled support for keeping rates on hold ahead of next week's meeting, pushing the odds of a quarter-point hike below 20%, though traders still see a 90% probability of another increase by year-end. Gold is down about a fifth since the US-Iran conflict erupted in late February, and higher borrowing costs remain a headwind because the metal 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 10/19/2026 | 4,133.66 |
| Change that session | -1.08% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/19/2026 | 4,134.00 |
| Change that session | -1.05% |
XAU/USD
▼ Likely negativeRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/19/2026 | 4,140.75 |
| Change that session | -0.60% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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