Spot gold fell 0.6% to USD 3,998.49 an ounce on October 23, briefly dropping below USD 4,000 for the first time since mid-July, and was heading for its biggest weekly decline in over 4 months. Rising energy prices, with Brent crude hitting a 5-month high after Houthi attacks on Saudi Arabia, have fueled inflation worries and reinforced expectations that US interest rates will stay high. A tech-stock selloff also forced investors to post more margin, pushing them to sell gold and silver. According to CME's FedWatch tool, markets put a 92% chance on the Fed holding rates at next week's meeting and a 78% chance of a rate hike in December. Silver, palladium and platinum were also on track for weekly losses.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Vàng thế giới có lúc rớt mốc 4,000 USD
Read the original on Vietstock ↗
Keywords
goldFedinterest ratesoil pricessilver
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Related tickers and likely impact
XAU/USD
▼ Likely negativeRelevance: medium
| 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 10/23/2026 | 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% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
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Spot gold fell 0.4% to US$4,152.99 per ounce in early Asian trade on Friday (Oct 16), after gaining over 1% the previous session on a weaker dollar and lower US Treasury yields, and was still on track for a weekly decline. Markets are gauging the Federal Reserve’s policy path after US producer prices in September rose by the most in four and a half years, following a consumer price report that showed prices accelerated on higher petrol costs. CME’s FedWatch Tool shows traders pricing a 28% chance of a rate hike later this month and a 93% chance of an increase in December. Chicago Fed president Austan Goolsbee called the stronger-than-expected inflation data “discouraging,” while higher interest rates reduce the appeal of non-yielding gold. Spot silver slipped 0.6% to US$57.09, platinum lost 0.1% to US$1,624.05 and palladium rose 0.2% to US$1,128.70, with all three metals headed for weekly losses.
- Gold , silver fall as higher crude oil prices revive rate - hike concerns
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