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TODAY'S MARKET INTELLIGENCE

Gold Plunges Over 2% Below $4100 as Middle East Energy Shock Fuels Inflation Fears

Published: 2026-10-23 02:00:00Category: financeHeat: 72

English summary

Spot gold fell more than 2% during Thursday's US session to its lowest level since August, pressured by heightened inflation concerns stemming from Middle East geopolitical tensions. The market's expectation that the Federal Reserve will maintain higher interest rates for longer has weakened gold's appeal despite its status as a safe-haven asset, while a rebound in the US dollar added further downward pressure.

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