Spot gold fell 0.4% to $4,123.32 an ounce and gold futures slipped 0.5% to $4,141.09, extending losses to a third straight session as oil-driven inflation concerns push traders to reassess Fed policy. Brent crude traded above $110 a barrel, near its highest level in about five months, amid supply worries after reported attacks on vessels near the Strait of Hormuz and Houthi claims of strikes on Saudi energy infrastructure. A hotter-than-expected U.S. CPI, driven by gasoline and diesel prices, has raised the risk that rates stay high for longer. CME FedWatch implies an 83% chance of no change at the October 27–28 meeting and a 94% chance of a rate hike in December, with the PCE inflation report due after that meeting.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
goldoil pricesinflationFedStrait of Hormuz
Open a keyword to see other news on the same topic.
Related tickers and likely impact
XAU/USD
▼ Likely negativeRelevance: high
| Market | Gold |
|---|---|
| Close on 10/19/2026 | 4,140.75 |
| Change that session | -0.60% |
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/19/2026 | 4,133.66 |
| Change that session | -1.08% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/19/2026 | 4,134.00 |
| Change that session | -1.05% |
DXY
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/19/2026 | 101.98 |
| Change that session | +0.20% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- 7 highlights from JD Vance CBS News town hall
Vice President JD Vance took voter questions during an hour-long town hall hosted by CBS News and aired on Saturday, with anchor Tony Dokoupil moderating. Vance argued that the Trump administration's economic and Iran policies will pay off over time, but acknowledged that fixing the economy will take more than 18 months. He said he has not decided whether to run for president in 2028, though he is widely viewed as an early frontrunner in the Republican primaries. On energy, he admitted gas prices are too high and pointed to Iran's attacks on oil tankers and the risk of Iran controlling shipping through the Strait of Hormuz. The discussion also reflected voter concern about cost of living, as inflation remains above the Federal Reserve's 2% target.
- 7 highlights from JD Vance CBS News town hall : Iran , immigration , corruption and 2028 plans
At an hour-long CBS News town hall in Michigan, Vice President JD Vance argued that the Trump administration's economic and Iran strategies will pay off over time, while acknowledging that cost-of-living concerns weigh heavily on voters. He said he hasn't decided whether to run for president in 2028, though he is widely seen as an early frontrunner for the Republican nomination. On the economy, Vance said the country is "turning the ship around" but that fixes will take time, as inflation remains above the Federal Reserve's 2% target. Gas prices have stayed high amid the Iran conflict and Iran's attacks on oil tankers, and Vance warned about the risk of Iran controlling shipping through the Strait of Hormuz.
- Inflation next wave could be building as energy costs spread through economy
Producer prices rose 1.3% from August to September and 6.3% from a year earlier, the fastest wholesale inflation rate since 2022, driven mainly by higher fuel costs. Transportation and warehousing prices jumped 3.4% in September and are 16% higher than last year, while core consumer prices rose 2.6% year over year and 0.3% month to month, signaling that price pressures are spreading beyond energy. Diesel averaged $6.32 a gallon, compared with $3.64 a year earlier, as high energy prices linked to the war with Iran drove renewed inflation. The buildout of AI data centers is also pushing up costs for chips, computer parts and electrical components. Businesses may soon pass these costs to consumers, and markets widely expect the Federal Reserve, which has already raised rates, to hike again this year, though the timing is uncertain.
- Gold dips as oil prices fuel inflation fears, Fed outlook in focus
Gold prices edged lower on Tuesday, extending losses for a third session, as elevated oil prices fueled inflation concerns and clouded the outlook for U.S. monetary policy ahead of next week's Federal Reserve meeting. Spot gold fell 0.1% to $4,137.84 an ounce, and Brent stayed above $109 a barrel after touching a five-month high of $110.70 in the previous session, amid worries about Middle Eastern supply disruptions. Traders priced in an 83% chance of a hold at the October 27-28 Fed meeting and a 94% chance of a rate hike in December, according to the CME FedWatch Tool. Investors are also awaiting the PCE price index next week, after U.S. consumer prices rose 3.7% year-on-year in September and gasoline prices surged 9.1%. Spot silver edged up 0.1% to $57.1325 an ounce, and platinum rose 0.5% to $1,650.65.
- Trump says he won't use nuclear weapons or send ground troops to Iran
U.S. President Trump said in an interview with Newsmax that he does not intend to use nuclear weapons against Iran and does not foresee deploying ground troops. Asked about the MOAB bomb, the “Mother of All Bombs,” he said it is not nuclear but an extremely large conventional bomb. CNN reported that the U.S. military has drawn up new strike plans targeting Iranian energy infrastructure and nuclear sites, which could be carried out if Trump orders combat operations to resume before or after the midterm elections. Trump said on October 8 that he would not order a resumption of strikes before the November 3 midterms. In the Strait of Hormuz, the UK Maritime Trade Operations (UKMTO) said the threat remains “severe” after the Singapore-registered container ship GFS Pride was struck by a projectile, caught fire and sank, with eight attacks recorded since October 11.
- FTSE 100 today: Stocks slip as Middle East tensions keep oil above $105
The FTSE 100 was down 0.18% at 07:16 GMT, a day after closing 1.08% higher at its best finish in more than six weeks. Oil stayed above $100 a barrel on Middle East tensions: Brent fell 0.67% to $105.21 and WTI fell 0.76% to $97.24, while gold futures rose 0.86% to $4,205.95 an ounce. Iran's army commander-in-chief said the Strait of Hormuz will stay closed until the enemy respects the rights of the Iranian people, while U.S. Central Command said the United States and regional partners control the strait. ING said oil remains well-supported, with a significant risk premium that would only fully clear with a U.S.-Iran agreement. Citing Bloomberg, UK Chancellor John Healey is set to raise taxes on banks at the October 28 budget, a move that could raise about £2 billion if the earlier cut is fully reversed.
Related markets
Latest news
- What Happened to $1,000 Invested in Microsoft Before Its Cloud and AI Boom?
According to the article, $1,000 invested in Microsoft 10 years ago would now be worth $10,023.10 (a 902.31% total return), versus $3,606.80 in the S&P 500 over the same period. The 5-year lead is much narrower ($1,800 vs. $1,705.90), while over the past year Microsoft trailed the index ($1,043.30 vs. $1,161.60) as capex grew faster than revenue. Fiscal 2026 revenue reached $331.84 billion (up 17.79%), but capex rose 79.62% to $115.95 billion, pushing free cash flow down 6.46%. The article says the outlook hinges on whether Azure, which grew 43% last quarter, keeps outpacing the spending behind it.
- Investment summit: German government strikes AI deal with Nvidia
At the Invest in Germany summit in Berlin, the federal government reportedly struck an AI cooperation deal with Nvidia, with a federal contribution to the partnership. Nvidia CEO Jensen Huang said it pained him to see Germany fall behind, yet he still believes in the country, and around a dozen German firms including Siemens and Audi are expected to join the project. Chancellor Merz urged companies to open their industrial data for AI to safeguard competitiveness in sectors like automotive. Amazon plans to invest around 16 billion euros in Germany in 2027, including 4.8 billion euros for AWS mainly in the Frankfurt am Main region. The IMF now forecasts 1.3 percent growth for Germany in 2026, up from 0.7 percent previously.
- Stocks try for back-to-back gains — plus, Qnity gets iPhone business from Apple
U.S. stocks were higher Tuesday, with the S&P 500 and Nasdaq poised for back-to-back gains, as most major companies beat estimates and raised full-year guidance, though market reactions were mixed. Apple expanded its partnership with Qnity Electronics under its American Manufacturing Program, with Qnity producing advanced films for the variable aperture camera system in the iPhone 18 Pro; Qnity joined the program in March. Jim Cramer's Club calls the news incrementally positive but is not buying more shares, placing greater emphasis on Qnity's fast-growing data center business than on consumer electronics. Capital One reports after the bell, while Netflix, SpaceX and United Airlines also report Tuesday evening, and Meta reports Wednesday evening.
- Housing is flashing warning signs just as the Fed weighs more interest rate hikes
The U.S. housing market weakened further in September even as price pressures persisted, complicating the Federal Reserve's decisions on whether to raise interest rates. The 30-year mortgage rate was above 7% for most of September and ended the month around 7.6%, and could rise further if the Fed hikes short-term rates as expected. The National Association of Realtors' pending sales index fell 7.3% for the month and was 11.3% lower than a year earlier, an all-time low in records dating to 2001. Privately owned housing starts dropped 5.2% on a seasonally adjusted annualized basis, far worse than the expected 0.4% decline, while Goldman Sachs expects affordability pressures to dominate the housing market in 2027.
- Skydance Rises 5% as Steep Post-Merger Slide Pauses; Disney Gains 2%, Netflix Slips
Skydance shares rose 5% to $7.15 as the steep slide since its Warner Bros. Discovery acquisition closed on October 6 paused, while Disney gained 2% to $111.41 and Netflix slipped 0.62% to $69.42. The Communication Services Select Sector SPDR ETF was up just 0.1% and the SPDR S&P 500 ETF Trust rose 0.4%, so the Skydance move looks company-specific. The article notes Skydance now houses Paramount+, Pluto TV, Paramount Pictures, the CBS network and the Warner Bros. Discovery studios, making integration of film, TV and streaming operations the next key test. A single up day, however, leaves most of the post-merger decline in place.
- Where Will VGT Be in 20 Years? Here's What History Suggests.
The article examines what could happen to investors in the Vanguard Information Technology ETF (VGT) if it keeps its 15.03% annualized return over the next 20 years, based on its 22-year track record since January 2004. In this example, a $10,000 investment would grow to $164,521 after 20 years, and investing $500 a month would reach $616,852. The article stresses that there are no guarantees, that the tech sector could face a major sell-off or long bear market, and that VGT might underperform the S&P 500 at some point.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.