Gold fell sharply over the week as rising oil prices, persistent inflation worries and expectations of further Federal Reserve tightening outweighed safe-haven demand. A technology-led equity selloff on Thursday triggered more liquidations and pushed spot gold back below $4,000 per ounce. Gold hit a weekly low of $3,975.10 per ounce, its lowest since early June, after trading at $4,164.69 on Sunday evening. The latest Kitco survey showed Wall Street pessimism rising while Main Street kept a more bullish minority view. Several analysts still see $4,000 as support, though others point to weak technical signals and thin liquidity, with daily volumes around 129,000 contracts.
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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 10/23/2026 | 4,003.77 |
| Change that session | -0.80% |
XAUT/USDT
▼ Likely negativeTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/23/2026 | 3,994.18 |
| Change that session | -0.89% |
XAU/USD
▼ Likely negativeRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/23/2026 | 3,995.78 |
| Change that session | -0.72% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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