Gold prices were little changed in Asian trading on Monday after falling more than 4% last week, with spot gold up 0.2% to $4,005.41 per ounce. Gold had dropped below $4,000 on Friday for the first time since mid-July, posting a weekly loss of 4.1%. Brent crude rose 6.2% last week on Middle East conflict to its highest weekly close since mid-2022, then eased Monday on reports of diplomatic initiatives, while higher energy costs raise inflation concerns and the prospect of tighter monetary policy for longer. Markets expect the Fed to hold rates at its 27–28 October meeting, and CME FedWatch data shows about a 78% probability of a rate hike at the December meeting, with the 10-year Treasury yield near 5% adding pressure on gold. Silver was broadly unchanged at $53.95 per ounce, platinum fell 0.6% to $1,543.71, and LME copper fell 0.4% to $14,277.33 per tonne.
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Related tickers and likely impact
XAU/USD
▼ Likely negativeRelevance: high
| Market | Gold |
|---|---|
| Close on 10/23/2026 | 3,995.78 |
| Change that session | -0.72% |
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/25/2026 | 4,010.98 |
| Change that session | +0.17% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.2B |
| Close on 10/25/2026 | 3,999.80 |
| Change that session | +0.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
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Gold held steady in Asian trade on Monday after falling more than 4% last week, at $3,995.42 an ounce. The metal slipped below $4,000 on Friday for the first time since mid-July, mainly due to an oil surge amid elevated Middle East conflict, with Brent up 6.2% last week to its highest weekly close since mid-2022. Higher energy costs could prolong inflation pressures and limit central banks' room to ease policy. Investors widely expect the Fed to keep rates unchanged at its Oct. 27–28 meeting, while CME FedWatch data showed about a 78% probability of a December rate hike. The 10-year US Treasury yield near 5% keeps pressure on non-yielding gold, and the PCE inflation report due Oct. 29 will be the next test for the inflation outlook.
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SPDR Gold Trust, the world's largest gold fund, continued net selling of nearly 12 tonnes of gold in the 22/10 session, bringing total sales over 2 sessions to nearly 15 tonnes and cutting its holdings to about 1,046 tonnes. Spot gold fell more than 2.8% to around USD 4,025 per ounce at the close of 22/10, and briefly dipped below USD 4,000 per ounce in the morning session of 23/10. Tensions in the Middle East pushed crude oil prices higher, raising concerns about inflation and further Fed tightening, and gold has still not attracted sustained safe-haven demand even as US Treasury yields fell. US September CPI rose 0.6% month on month and 3.7% year on year, while PPI rose 1.3% and 6.3%. Markets price about an 84% chance the Fed holds rates steady at its 27-28/10 meeting and a 16% chance of a 25 basis-point increase; September PCE data due on 29/10 is the next key factor to watch.
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- World gold prices plunge to 2-month low
Spot gold fell $114 to $4,023 an ounce at the close of trading on October 22, its lowest level since August 3, as concerns mounted that interest rates will stay high. Oil prices jumped 4% to a five-month high after Houthi attacks on Saudi Arabia, raising fears of renewed inflation, with Brent trading near $113 and WTI at $99 a barrel. U.S. inflation data released last week came in above expectations, reinforcing the case for the Fed to keep tightening, and the FedWatch tool shows investors pricing a 78% chance of a rate hike in December, although the Fed is not expected to act at next week's meeting. Silver fell 5.8% to $54 an ounce, while platinum and palladium dropped 3.8% and 3.4%, respectively.
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