Gold slides below $4,100 as oil lifts Fed hike bets: Oct 23, 2026
Gold has fallen below $4,100 to one-week and two-month lows as higher oil prices fueled inflation concerns and increased bets on Federal Reserve rate hikes. Safe-haven demand has shifted toward US Treasuries despite lower yields, with the moves occurring amid a weak US dollar.
Updated
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Headlines (9)
First seen on October 23
Carried over from earlier days
- Chart of the day: Gold price eyes $4,100 support as $4,200 resistance keeps bulls in checkInvestingLive
- Gold declines to one-week low, below $4,100 on Fed hike bets as bulls shrug off weak USDFXStreet
- Gold Price Outlook: A Drop to $3,100 Before a Rally to $10,000?Investing.com
- Gold falls below $4,100, silver drops 3.6% as higher oil prices fuel inflation concernsaa.com.tr
- Gold Price Forecast: XAU/USD tests key support at $4,070 amid high Oil pricesFXStreet
- Gold Falls as Oil Pushes Fed Rate-Hike Bets HigherGoldSilver
- Gold slides as safe-haven demand shifts to US Treasuries despite lower yieldsFXStreet
- Gold falls to two‑month low below $4,050 as oil spikesFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, October 23 | ||
| Flash Manufacturing PMI | 55.4 | USD |
| Flash Services PMI | 57.9 | USD |
| Revised UoM Consumer Sentiment | 46.3 | USD |
| Revised UoM Inflation Expectations | USD | |
| Treasury Currency Report | USD | |
| Sunday, October 25 | ||
| Daylight Saving Time Shift | CHF | |
| Fed Monetary Policy Report | USD | |
| Tuesday, October 27 | ||
| ADP Weekly Employment Change | USD | |