Gold prices were little changed on Wednesday as expectations of a Federal Reserve rate hike in October eased and concerns grew over civil unrest in France and Italy. Spot gold was largely unchanged at $4,121.91 an ounce, while U.S. gold futures slipped 0.1% to $4,139. The U.S. dollar held steady against most major currencies after hitting a three-week low in the previous session. ECB chief economist Philip Lane said the European Central Bank could strengthen the euro's global role and extend its monetary policy reach by offering euro liquidity backstops to foreign central banks.
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Related tickers and likely impact
PAXG/USDT
• NeutralPAX Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/20/2026 | 4,122.25 |
| Change that session | -0.28% |
XAUT/USDT
• NeutralTether Gold
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/20/2026 | 4,116.60 |
| Change that session | -0.42% |
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/20/2026 | 4,125.21 |
| Change that session | -0.38% |
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Related news
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On the morning of October 20, SJC quoted gold bars at 139–142 million VND per tael, down 1.1 million VND from the previous close and the lowest since August 5, with other brands adjusting similarly. World gold closed October 19 down over $24 at $4,139 an ounce and was at $4,135 that morning, about 130 million VND per tael, leaving domestic prices more than 12 million VND above international levels. The decline reflects investors awaiting signals from the Fed's meeting next week, amid a stronger US dollar and higher US Treasury yields. Under Decree 390, from October 16, daily gold purchases and sales of 5 million VND or more must be settled without cash, down from the previous 20 million VND threshold.
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On the morning of October 20, domestic gold prices rebounded after a sharp early drop: SJC, PNJ, DOJI and Bảo Tín Minh Châu gold bars rose back by 600,000 VND per tael to 139.6–142.6 million VND, but remained 500,000 VND below early-morning levels. PNJ’s 9999 gold rings rose 500,000 VND to 138.5–141.5 million VND, while SJC held at 138.2–141.2 million VND. In international markets, spot gold fell back to 4,132 USD per ounce after the US dollar strengthened and US Treasury yields rose in the 19 October session. Investors remain focused on persistent inflation and the Federal Reserve’s rate outlook, while tensions around the Strait of Hormuz have limited selling pressure.
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