Spot gold fell 0.5% to $4,001.56 an ounce and US gold futures slid 0.4% to $4,012.52 as stronger US inflation data and renewed Middle East tensions reinforced expectations of further Fed tightening. The Fed held rates steady this week, but Chair Kevin Warsh left the door open to more tightening, and the PCE price index rose 0.5% in September, its biggest monthly gain since March. Gold fell more than 3% in October and is on track for a second straight monthly decline, while oil prices rose on signs Washington could resume strikes against Iran after the midterm elections. According to ANZ, a tech-led equity selloff over doubts about heavy AI spending has pushed investors to sell bullion to cover losses elsewhere, while prices near $4,000 have found support from Chinese households and long-term investors buying on dips. Silver fell 1.5% to $51.3755 an ounce and platinum lost 1% to $1,473.81.
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Related tickers and likely impact
XAU/USD
▼ Likely negativeRelevance: high
| Market | Gold |
|---|---|
| Close on 10/29/2026 | 4,021.63 |
| Change that session | -1.13% |
DXY
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/29/2026 | 101.88 |
| Change that session | -0.26% |
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/29/2026 | 4,014.37 |
| Change that session | -1.02% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.2B |
| Close on 10/29/2026 | 4,007.09 |
| Change that session | -1.03% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 715.33 |
| Change that session | -1.42% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 769.53 |
| Change that session | -0.36% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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