Weekend markets: oil jumps, gold slips below $4,000, stocks fall into Fed week
Friday's close left gold at $3,995.81, WTI crude at $103.27 and Brent at $116.72, with the Fed meeting on 27-28 October in focus.
Friday's close left gold at $3,995.81, WTI crude at $103.27 and Brent at $116.72, with the Fed meeting on 27-28 October in focus.
Gold averaged $1,801 an ounce in 2022 and peaked near $5,595 in January 2026, before falling to around $4,000 by 25 October.
Gold eased towards 4,016 dollars an ounce, set for its steepest weekly fall in months, as oil's surge revived inflation fears.
Brent traded at $117.38 on Sunday after closing Friday at $116.72, with war fears and Hormuz risks keeping crude near its recent highs.
Spot gold traded at $3,996.30 on Sunday, with Friday's close at $3,995.81, down 0.71% on the day and 8.5% so far in 2026.
Brent crude settles at 116.72 dollars, its highest close since April, as Gulf tensions add a risk premium to oil.
Brent near $117 and gold near $4,000 head into a week of Fed, ECB and Bank of Japan decisions.
Bitcoin fell below $80,000 on 24 October 2026, its weakest level in more than a month, as Middle East tensions weighed on risk assets.
Gold closed below $4,000 at $3,995.81 as Brent crude jumped to $116.72, with Wall Street lower ahead of the Fed's 27-28 October meeting.