Spot gold briefly fell below $4,000/oz in Asian trade on Oct. 23 — the first time since July — and is down more than 3% this week. Wang Jun, chief analyst at Green Dahua Futures, cites three market-moving drivers: (1) high oil prices — Brent topped $

2026-10-25

Spot gold briefly fell below $4,000/oz in Asian trade on Oct. 23 — the first time since July — and is down more than 3% this week. Wang Jun, chief analyst at Green Dahua Futures, cites three market-moving drivers: (1) high oil prices — Brent topped $114/bbl, reinforcing global and US inflation persistence; (2) firmer Fed December rate-hike expectations, with elevated US inflation lifting the dollar and US Treasury yields and eroding gold’s appeal (Wang calls this the main driver); and (3) global liquidity tightening and deleveraging. He expects international gold to remain under pressure into late October and early November.

Other News
2026-10-25

Sputnik reported Russian foreign ministry spokeswoman Zakharova accused European politicians of hypocrisy, saying they interfere abroad while shifting blame for domestic unrest onto Russia. Her remarks, responding to a diplomatic note from France, sa

2026-10-25

Reserve Bank of Australia assistant governor Hunter said the bank’s rate-tightening campaign to fight inf “is not over,” signaling a high probability of another hike at the Nov. 3 policy meeting. Hunter noted the board has implemented four hikes this