Gold fell 2.12% to settle at US$4,042.80 an ounce on Comex, its lowest close since early August, mainly on higher oil prices after attacks on shipping and Saudi oil facilities raised expectations of a Federal Reserve rate hike in December. The same day, San Francisco start-up Marathon Fusion said it had turned mercury into gold and beat CERN's record by a factor of 10, but it has not disclosed the amount produced, its purity or its cost. The article says the process remains an engineering challenge that could take decades and may never pay, and that market reports attributed the drop to oil and interest rates rather than this news. It is especially relevant for Zimbabwe, where gold is the largest export: the state's sole licensed buyer, Fidelity Gold Refinery, took in 35.88 tonnes in the first nine months of the year, and gold export receipts reached about US$3.1 billion in the first half, up 72 percent.
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Related tickers and likely impact
PAXG/USDT
▼ Likely negativePAX Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/22/2026 | 4,036.10 |
| Change that session | -2.23% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/22/2026 | 4,030.01 |
| Change that session | -2.29% |
XAU/USD
▼ Likely negativeRelevance: high
| Market | Gold |
|---|---|
| Close on 10/22/2026 | 4,024.59 |
| Change that session | -2.82% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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