See the full story in the original article.
Original headline: Gold Price Slides on Hot Inflation, but Schiff Says It’s a Gift
Read the original on Yahoo Finance ↗
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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 10/16/2026 | 4,162.70 |
| Change that session | +0.11% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/16/2026 | 4,159.65 |
| Change that session | +0.15% |
XAU/USD
▼ Likely negativeRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/16/2026 | 4,165.63 |
| Change that session | -0.13% |
DXY
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 101.78 |
| Change that session | -0.20% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
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Gold rose above $4,200 an ounce in US futures on Monday as traders scaled back expectations of another Federal Reserve rate hike after comments from Chair Kevin Warsh. Spot gold gained 0.4% to $4,180.29, while US gold futures rose 0.5% to $4,200.92. The implied probability of a 25-basis-point hike at the next meeting fell below 20%, after US inflation data released the previous week exceeded expectations. Silver, platinum and palladium also gained, while the US Dollar Index was roughly flat at 101.80. ANZ maintains a positive long-term view and expects gold to rise above $5,000 an ounce during 2027, though elevated bond yields and a strong dollar could pressure prices in the near term.
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SJC gold at Phu Quy on October 20 was quoted at 138.5 million VND per tael to buy and 142 million VND to sell, down about 0.5 million VND from the previous day, while Phu Quy's 1kg silver bar was around 52.8 million VND per kg to buy. Bao Tin Manh Hai cut 24K gold products by 800,000 VND per tael and its 1kg silver bar by 800,000 VND per kg. Global gold traded around $4,135-4,136 per ounce and silver around $57.02, under pressure from U.S. September CPI up 3.7% and PPI up 1.3%. From mid-October, gold transactions of 5 million VND or more in a day must be paid by non-cash means, and Phu Quy accepts only transfers from bank accounts in the customer's own name, not e-wallets.
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