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.
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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.
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