Gold slides to $4,087 as oil-driven inflation worries weigh
Gold extended losses on Thursday, as higher oil prices revived inflation fears and strengthened the case for interest rates staying high for an extended period, with the market focused on next week’s Federal Reserve meeting for direction on policy.
October 22, 2026 (MLN): Gold extended losses on Thursday, as higher oil prices revived inflation fears and strengthened the case for interest rates staying high for an extended period, with the market focused on next week’s Federal Reserve meeting for direction on policy. Currently, spot gold is down 0.81% to $4,087.18 an ounce as of [10:26 am] PST, according to data reported by Mettis Global. Crude moved up after r...