Spot gold slipped 0.2% to $4,115.96 per ounce by 0717 GMT, extending its decline to a fourth straight session. Higher oil prices fueled inflation concerns, while investors looked ahead to next week’s Federal Reserve policy meeting for clarity on the future path of interest rates. US gold futures for December delivery also fell 0.2% to $4,133.60 per ounce.
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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 10/20/2026 | 4,122.25 |
| Change that session | -0.28% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: medium
| 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
▼ Likely negativeRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/20/2026 | 4,125.21 |
| Change that session | -0.38% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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Spot gold edged up to about $4,136.70 an ounce (up 0.31%), while spot silver slipped to about $57.510 (down 0.64%) in early Wednesday U.S. trading. Inflation stayed firm, with September consumer prices up 3.7% annually and producer prices up 6.3%. Traders priced about an 83% chance the Fed holds rates at its Oct. 27-28 meeting and about a 94% chance of a higher rate by the Dec. 9 meeting. The 10-year Treasury yield fell to near 5.1% from above 5.3%, supporting gold, though the firm dollar and prospects for further Fed tightening limit gains. Brent rebounded above $110.00 a barrel after reports of more attacks on shipping in the Strait of Hormuz, where direct shipments remain about 33% below prewar levels.
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