Business
Gold retreats as traders weigh Fed policy decision and oil-driven inflation pressure
October 20, 2026 at 03:02 PM
Coverage
3 reports · over 33 hours
Gold prices fell Tuesday after a Monday gain as traders weighed oil-driven inflation pressure ahead of the Federal Reserve's policy meeting.
- Gold fell 0.4% to $4,123.94 per ounce in spot trading on Tuesday, after rising 0.2% the previous day.
- Yemen's Houthis announced strikes on energy facilities, airports, and military targets in Saudi Arabia on Monday, lifting Brent near five-month highs.
- Federal Reserve Chair Kevin Warsh and other officials have signaled no urgency for further tightening ahead of the October 27–28 meeting.
- Traders still see a 91% probability of a US rate hike in December, according to CME's FedWatch tool.


