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Stocks fell, and gold fell too. Here's why 🪙 Spot gold closed below $4,000, at about $3,996 an ounce, on Fri 23 Oct, its first close below $4,000 since mid-July. It was down about 4% on the week, and COMEX futures ended about 25% below their January record. Higher oil prices fed inflation worries, and markets expect rates could stay higher for longer. Gold pays no interest, so higher rates can make it less attractive. Next up: US Fed decision, 29 Oct, 2am SGT. 📅 News as of 23 Oct 2026 Sources:
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Stocks fell, and gold fell too. Here's why 🪙 Spot gold closed below $4,000, at about $3,996 an ounce, on Fri 23 Oct, its first close below $4,000 since mid-July. It was down about 4% on the week, and COMEX futures ended about 25% below their January record. Higher oil prices fed inflation worries, and markets expect rates could stay higher for longer. Gold pays no interest, so higher rates can make it less attractive. Next up: US Fed decision, 29 Oct, 2am SGT. 📅 News as of 23 Oct 2026 Sources:
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