Gold fell even as stocks sold off and Treasuries rallied, breaking the usual pattern of bullion rising during panic. On October 22, 2026, spot gold dropped 2.4% to $4,041.39 an ounce, its lowest since August 3, and was near $4,021.20 late in U.S. trading. Brent rose 4% to $113.17 after Houthi attacks in Saudi Arabia, reviving inflation fears and pushing the market's odds of a December Fed hike to about 86%. The 10-year Treasury yield fell 19.3 basis points to 4.953% as bonds took over the haven role, while Goldman Sachs expects one more 25 basis point hike in December. Newmont beat estimates with adjusted EPS of $2.20, but its shares still fell 2.62%, and the article says the October 28 FOMC decision and the June low near $3,965 will be the next tests for gold.
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Related tickers and likely impact
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% |
XAU/USD
▼ Likely negativeRelevance: high
| Market | Gold |
|---|---|
| Close on 10/22/2026 | 4,024.59 |
| Change that session | -2.82% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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