Gold climbs to $4,180 on cooler oil prices

PSX Update • Oct 19, 2026

Gold prices inched up on Monday, supported by a pullback in crude oil, as market participants gauged the likelihood of a U.S. Federal Reserve rate hike later this year and searched for new cues on the central bank’s policy path.

October 19, 2026 (MLN): Gold prices inched up on Monday, supported by a pullback in crude oil, as market participants gauged the likelihood of a U.S. Federal Reserve rate hike later this year and searched for new cues on the central bank’s policy path. Currently, spot gold is up 0.36% to $4,179.81 an ounce as of [10:02 am] PST, according to data reported by Mettis Global. Oil prices softened after U.S. President Don...