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Gold prices fall below $4,000 amid inflation fears, Fed tightening, and market selloffs.

Market News
23 Oct 2026
Kitco
View Source
Bearish
Gold prices fall below $4,000 amid inflation fears, Fed tightening, and market selloffs.

Gold prices dropped sharply below $4,000 per ounce this week due to rising oil prices, inflation concerns, and expectations of further Federal Reserve interest rate hikes. The selloff was intensified by a tech-led stock market decline and market liquidations, despite some early gains fueled by geopolitical tensions. Analysts remain divided on gold's near-term direction, with some expecting a rebound and others anticipating further declines ahead of key central bank meetings. Investors are cautious amid geopolitical risks and economic uncertainties, awaiting the Federal Reserve's upcoming policy decision.

Regarding gold's recent price volatility, here is Pluang's market snapshot as of Oct 24, 2026 05:01 WIB: Out of 150 priced US stocks tradable on Pluang, 51 rose and 98 fell today. Notable movers include Bristol-Myers Squibb Co (BMY) at USD 63.38 with a 1-day change of +3.70% and Pluang order activity showing 86% Sell / 14% Buy, ConocoPhillips (COP) at USD 150.98 with a 1-day change of +3.67% and 95% Sell / 5% Buy order activity, and Snowflake Inc (SNOW) at USD 325.40 with a 1-day change of +3.64% and 33% Sell / 67% Buy order activity.

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