Business
Gold prices head for biggest weekly drop in four months on oil-driven rate expectations
October 23, 2026 at 02:57 PM
Coverage
3 reports · over 3 hours
مصالمصرى اليوم
أسعار الذهب العالمية تتجه لتسجيل أكبر خسارة أسبوعية منذ أكثر من 4 أشهر
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AJAl Jazeera Arabic
الذهب يتجه لأكبر انخفاض أسبوعي في 4 أشهر
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SNSky News Arabia
الذهب يهبط دون 4000 دولار للأونصة مع تعمّق موجة بيع الأسهم
(opens the publisher’s site)Gold fell on Friday, heading for its biggest weekly decline in over four months as higher oil prices reinforced expectations of extended high US interest rates.
- Gold spot prices fell 0.2% to $4,016 an ounce, heading for a weekly decline of about 3.5% — the largest since June.
- US gold futures for December delivery fell 0.7% to $4,030 an ounce.
- Oil prices rose about 4% to five-month highs on supply concerns from Middle East conflicts.
- Traders see about a 7% chance the Federal Reserve raises rates at its October 27-28 meeting and roughly 80% odds of a December increase.
- Gold fell below $4,000 an ounce in early Friday trading, hitting its lowest level in more than three months.