Gold futures fell 1.10% to $3,980.80/oz, testing the $4,000 level and heading for a nearly 4% weekly loss, as rising oil prices fueled inflation and rate-hike concerns.

Bloomberg10/23, 09:29 PM

Market impact

Which way this story pushes each asset. An inference from the story, not a measured move.

Gold
Pushes down
DaysMedium confidence
Oil-driven inflation fears raise rate-hike odds, pressuring non-yielding gold
USD
Pushes up
DaysMedium confidence
Higher rate-hike expectations tend to support the dollar
US10Y
Pushes up
DaysMedium confidence
Rate-hike expectations tend to lift Treasury yields

What could change this

If oil prices ease or inflation data surprises lower, rate-hike pressure could fade and support gold.

3,996.90-0.38%vs previous close

+0.07%

since this story

Measured from the price when this story was posted to the latest stored price, so it can lag the live price.

This story

10/15, 07:00 AMNow