Gold news by day
Gold closed at about $4,132, down $10 (0.24%) on the day.
What moved it
The verdicts are the textbook reading of the news, not a forecast. Closing prices are spot gold at about 5pm New York time, from our price feed, and may differ slightly from other sources.
US dollar falls below 102.00 as traders rethink how much the Fed will raise rates
Why: Dollar weaker and traders expect fewer Fed rate hikes, both support gold prices right now.
Gold $4,146.40
🕒 Tue 20 Oct · news 05:48 UK
Education only. Gold doesn't always react the same way. Not financial advice.
Gold about $4,144 (down about $25 since Mon 11:45 UK / 06:45 New York)
📰 What happened
🔴 Since Monday morning gold slid from about $4,170 to a low near $4,115 in Asian trade, then bounced. Behind it: more bets on a US rate rise.
🔴 Markets now see about a 94% chance the Fed raises rates in December (about 89% on Monday). Gold pays no interest, so higher rates hurt it.
🟢 Early on Monday oil dipped after the US waived some Russia sanctions and tariffs. Less oil fear means less inflation pressure: a smaller plus.
🔴 Then oil (Brent) climbed back to about $110 after Houthi rebels (an Iran-backed group in Yemen) said they attacked Saudi energy sites. Oil fear feeds inflation, which keeps US rates high.
🟢 Gold funds (ETFs, funds that hold real gold) are holding near their 2026 high. Firm fund demand supports gold.
📅 Next 24 hours (UK / New York time)
07:00 / 02:00 UK jobs report (unemployment and pay) 🔥🔥 MEDIUM
Expected jobless rate 4.9% to 5.0% (prev 4.9%). Pay growth 3.8% (prev 3.9%)
🟢 if stronger | 🔴 if weaker (via the dollar)
No Fed speeches: Fed officials stay quiet before their 27-28 Oct meeting.
Fed decision: Wed 28 Oct, 18:00 UK / 14:00 New York.
📖 Gold lesson
Price and fund buying don't always move together. Gold is far below its January record, yet gold funds hold about 2% more than at the start of 2026. Fund holdings often lag turning points in the price.
Education only. Gold doesn't always react the same way. Not financial advice.
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