Gold slips in spot trading amid inflation concerns
Gold prices fell 0.51% to $4,118.76 per ounce as investors eyed inflation risks from rising oil prices and awaited next week's US Federal Reserve meeting.
Key Takeaways
AILondon, October 20, 2026 (SPA): Gold prices declined on Friday as concerns over rising inflation, driven by higher oil prices, weighed on the market. Investors are also awaiting next week's US Federal Reserve meeting for signals on monetary policy and the future path of interest rates.
Spot gold dropped 0.51% to $4,118.76 per ounce, while US gold futures for December delivery fell 0.55% to $4,137.20 per ounce.
Among other precious metals, spot silver was steady at $57.08 per ounce. Platinum slipped 0.29% to $1,635.48 per ounce, and palladium fell 1.54% to $1,102.45 per ounce.