December gold futures opened at $4,012.20 per troy ounce on Monday, up 0.1% from Friday's close, and rose to $4,028.30 by 7:05 a.m. ET. The opening price was the lowest since July 20, 2026, as the two-day FOMC meeting concludes this week. Most expect the Fed to hold rates despite inflation above its 2% target, with CME FedWatch showing a 90.6% chance of no change this week and a 72.1% chance of a 25 basis point hike after the December meeting. The opening price was down 4.1% from a week earlier, 6.9% from a month earlier and 3.2% from a year earlier.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
goldXAUUSDFedinterest ratesinflation
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 10/23/2026 | 3,995.78 |
| Change that session | -0.72% |
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/25/2026 | 4,010.98 |
| Change that session | +0.17% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.2B |
| Close on 10/25/2026 | 3,999.80 |
| Change that session | +0.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Gold steadies near 3-mth low as elevated oil prices weigh; Fed meet eyed
Gold held steady in Asian trade on Monday after falling more than 4% last week, at $3,995.42 an ounce. The metal slipped below $4,000 on Friday for the first time since mid-July, mainly due to an oil surge amid elevated Middle East conflict, with Brent up 6.2% last week to its highest weekly close since mid-2022. Higher energy costs could prolong inflation pressures and limit central banks' room to ease policy. Investors widely expect the Fed to keep rates unchanged at its Oct. 27–28 meeting, while CME FedWatch data showed about a 78% probability of a December rate hike. The 10-year US Treasury yield near 5% keeps pressure on non-yielding gold, and the PCE inflation report due Oct. 29 will be the next test for the inflation outlook.
- Gold prices break $4,000 as investors brace for crucial test
Spot gold closed Friday, October 23, at about $3,995.80 an ounce after dipping as low as $3,975.64, slipping below the $4,000 level. For the week it fell roughly 4%, its worst performance since June, and it sits nearly 29% below January’s $5,595 peak. The sell-off came as technology stocks also fell, with the Vanguard Information Technology ETF down 5% for the month, and as oil prices jumped on Middle East supply fears that revived inflation concerns. Bank of America’s technical strategist sees the July low at $3,943 as the key level: holding it could form a double bottom, while a break could point toward $3,886 and eventually $3,700. Investors are now looking to the Federal Reserve’s October 28 decision and the October 29 PCE inflation report for clues on rates and the dollar.
- World's Largest Gold Fund Dumps Over 10 Tonnes of Gold as Prices Slide
SPDR Gold Trust, the world's largest gold fund, continued net selling of nearly 12 tonnes of gold in the 22/10 session, bringing total sales over 2 sessions to nearly 15 tonnes and cutting its holdings to about 1,046 tonnes. Spot gold fell more than 2.8% to around USD 4,025 per ounce at the close of 22/10, and briefly dipped below USD 4,000 per ounce in the morning session of 23/10. Tensions in the Middle East pushed crude oil prices higher, raising concerns about inflation and further Fed tightening, and gold has still not attracted sustained safe-haven demand even as US Treasury yields fell. US September CPI rose 0.6% month on month and 3.7% year on year, while PPI rose 1.3% and 6.3%. Markets price about an 84% chance the Fed holds rates steady at its 27-28/10 meeting and a 16% chance of a 25 basis-point increase; September PCE data due on 29/10 is the next key factor to watch.
- Gold gains on softer dollar , but heads for weekly fall - The HinduBusinessLine
Spot gold rose 0.2% to $4,177.82 an ounce as the dollar weakened, but it was still down 0.5% on the week as investors weighed Fed rate signals. OANDA analyst Kelvin Wong said gold has been trapped in a range with its bottom at $4,075, and hotter-than-expected September core CPI and PPI data show inflation broadening. The dollar was heading for its first weekly fall in five weeks, while traders priced in an 89% chance of a December rate hike per CME's FedWatch Tool. Higher rates reduce gold's appeal, and several large Indian mutual funds suspended bulk subscriptions to gold ETFs ahead of the festive season. Silver, platinum and palladium also rose on the day but were all headed for weekly losses.
- Gold Lost $100 an Ounce in Hours After the Inflation Report
Spot gold lost nearly $100 an ounce intraday, falling below $4,100 after a September CPI report rose 0.6% in a month, hotter than expected, and lifted money-market odds of an October Fed rate hike from about 22% to about 42%. Late in US trading gold was at $4,098.80, down 1.47%, and SPDR Gold Shares (GLD) fell 1.49% to $375.99. Gold pays no yield, so higher Treasury yields (10-year at 5.251%, 2-year at 4.865%) and a 0.69% rise in the Dollar Index to 102.90, its strongest in about a year and a half, made bullion less attractive. Silver fell about 6% to $55.41, and iShares Silver Trust (SLV) dropped 6.11% to $50.22, a move the article attributes to silver’s industrial demand and thinner market. The article argues gold is currently trading more as a rate asset than as an inflation hedge.
- Gold Holds Loss as Hot Inflation Lifts October Rate-Hike Bets
Gold held its losses after a jump in U.S. inflation revived concerns that the Federal Reserve may need to raise rates further. Bullion traded near $4,105 an ounce after slumping 1.3% the previous day, while silver kept a 6% loss, as September CPI rose 0.6% month-on-month, the fastest pace since April, on elevated energy costs. Investors raised their bets on a Fed hike at the October 27–28 meeting to about 30%, with Treasury yields near multiyear highs and the dollar at its strongest in more than a year. Chicago Fed President Austan Goolsbee called the data “discouraging” and warned that AI infrastructure spending could overheat the economy. Spot gold was little changed at $4,102.60 in early Asian trading, and investors are awaiting final policy guidance from Fed Chair Kevin Warsh before the media blackout begins.
Related markets
Latest news
- A $68 million bitcoin bet is targeting a post-midterm election breakout to $90,000
A single wallet bought 800 call contracts on bitcoin with a $90,000 strike expiring November 6 on the decentralized platform Derive, worth about $68 million in face value and the largest open bitcoin position on the exchange. The wallet financed the purchase by selling 400 calls at $100,000 expiring March 2027 and 400 calls at $90,000 expiring October 30, netting about $940,000. Derive's market-implied chance of bitcoin exceeding $100,000 by Christmas rose from 9.7% to 12%, while the implied chance of falling below $70,000 dropped from 15.6% to 11%. Bitcoin was trading near $80,000, roughly flat. Derive remains much smaller than the centralized Deribit, which handles several billions of dollars in volume and open interest every day.
- Chevron Eyes 150% EPS Jump on Oct. 30 — But Are the Risks Already Priced In?
Chevron (CVX) reports third-quarter results on October 30, with shares up 57.27% year to date and analysts forecasting a steep earnings rebound from a weak year-ago quarter. Last quarter, adjusted EPS of $6.06 marked its seventh straight consensus beat, revenue rose 51.4% to $67.20 billion as Brent averaged $104 a barrel, and free cash flow reached $18.10 billion. Downstream posted $4.87 billion versus $737 million a year earlier, and key items to watch include refining margins, Tengizchevroil output that depends on the CPC pipeline, and the 2.67-gigawatt power deal with Microsoft. Analysts' third-quarter EPS estimate rose from $4.0094 to $4.8878 over 90 days, and the stock trades at about 13x full-year consensus EPS. The article notes that after a 45.56% first-quarter beat, shares fell 4.73% within a week, suggesting that cash flow durability once oil prices cool may determine the stock's next move.
- Here Are Monday’s Top Wall Street Analyst Research Calls: Block, Boise Cascade, Equifax, FirstEnergy, Lockheed Martin, Lumentum Holdings, NetApp, Roper Technologies, Spotify, Technology, and More
On Friday, all major US indices closed lower: the Dow Jones fell 1.24% to 52,214, the S&P 500 fell 0.52% to 7,622, the Nasdaq slipped 0.21% to 25,955 and the Russell 2000 dropped 0.20% to 2,778, with 176 S&P 500 companies expected to report this week. Treasury yields rose, with the 30-year at 5.33% and the 10-year near 5%, and the article says another 25-basis-point hike will probably come before year-end. Brent closed at $116, up 3.05%, and WTI at $103, up 3.74%, while natural gas fell 6.01% to $2.63. Gold closed at $3,993, down 0.76% and below $4,000 for the first time since July, while total crypto market cap hovered around $2.8 trillion, bitcoin held the $81,000 level and Ethereum was quoted at $2,327. Among analyst moves, Morgan Stanley upgraded Lockheed Martin to Overweight with an $835 target, JPMorgan raised Roper Technologies to Neutral and lifted its target to $490 from $415, and Barclays upgraded Tesla to Overweight with a $450 target.
- Ho Chi Minh City targets US$19 billion in FDI, welcoming new investment wave
Ho Chi Minh City aims to attract US$19 billion in FDI in 2026, prioritising finance, technology, digital transformation, green economy and innovation, as outlined at the CEO 500 programme on 26 October within AEF 2026. Mr Nguyen Cong Vinh, Vice Chairman of the City People's Committee, said investment decisions now depend on the connectivity of the entire ecosystem, including technology, infrastructure, energy, human resources and finance. Mr Nguyen Huu Huan of VIFC-HCMC said six priority sectors are AI and digital infrastructure, semiconductors and automation, blockchain and digital finance, biotech and green technology, quantum security and cryptography, and knowledge services, R&D, product design and regional headquarters. Representatives of Pacifico Energy and Arup stressed synchronised planning of energy infrastructure and transport, while Marc Knapper of KGA proposed trade finance, risk hedging and green bond services.
- Apollo to buy nearly 10% stake in Abu Dhabi-backed alternative asset manager Mubadala Capital
Apollo Global Management is finalizing a deal to buy nearly a 10% stake in Mubadala Capital, the alternative asset manager subsidiary of Abu Dhabi's sovereign wealth fund Mubadala Investment Company, according to people familiar with the matter. The deal is expected to be announced Monday morning, with financial terms not yet known, and builds on Apollo's 15 years of relationships in Abu Dhabi and its existing partnership with Mubadala Investment Company, including a $2.5 billion private credit joint venture formed in 2023. Mubadala Capital advises and administers over $755 billion in assets, and its alternatives business has grown to more than $60 billion. The article describes the deal as a sign of Apollo investing directly in Abu Dhabi, reversing the usual flow of capital from the Middle East. Spokespersons for both firms declined to comment.
- Aviva Investors launches tokenized share class of $29B Sterling fund on XRP Ledger
Aviva Investors, the asset management arm of UK insurer Aviva, has launched a tokenized share class of its Sterling (GBP) Liquidity Fund on the XRP Ledger (XRPL), according to a joint announcement with Ripple. The fund, Aviva's largest with about 22 billion British pounds ($29.4 billion) in assets under management, can now be invested in in tokenized form. It is Aviva's second tokenized fund on XRPL, following the earlier expansion of its USD Liquidity Fund in July, and about 86 million pounds is now invested across its two tokenized share classes, including 50 million pounds in the new class. According to RWA.xyz, the XRP Ledger ranks ninth among blockchains for tokenized real-world assets, with $642 million in distributed value and about 2,900 unique holders.
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.