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Silver $57.38 Β· Gold dips as oil prices fuel inflation fears, Fed outlook in focus ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #86 Β· Tuesday, October 20, 2026
Gold volatility (GVZ)  Cautious Β· 22.2  β–Ό from 22.6 yesterday
Gold slipped as oil climbed on Middle East supply concerns, while silver gained and miner equities lagged amid cautious volatility.
 
 

●  The Numbers

Gold$4,141.50  -0.45%
-0.86% this week
Silver$57.38  +0.72%
-3.00% this week
Platinum$1,648.50  +0.59%
-0.54% this week
Palladium$1,102.50  -1.22%
-1.38% this week
Copper$6.58  +0.59%
-1.52% this week

●  The Movers

Leaders

SI=F Silver+0.72%
PL=F Platinum+0.59%
HG=F Copper+0.59%

Laggards

GDX Gold Miners ETF-1.41%
PA=F Palladium-1.22%
AEM Agnico Eagle-1.01%

The day's best and worst of the tracked metals and miners Β· day-over-day change.

●  The Read

Gold β€” description, not prediction

Trading below both its 50-day ($4,364.06) and 200-day ($4,538.85) averages β€” the longer-term trend reads as down. 30-day range $4,107.90–$4,460.70; currently in the lower third of that range. RSI(14) 45 β€” momentum roughly neutral.

See where every market sits on the daily page β†’

What's pushing gold today: the dollar & Treasury yields  on the Dollar & Yields page β†’

●  The Brief

 Gold dips as oil prices fuel inflation fears, Fed outlook in focus

Rising oil prices from geopolitical tensions stoke inflation concerns, pressuring gold even as investors weigh Federal Reserve policy implications for rates and safe-haven demand. (Investing)

 Brent hits five-month high as attacks on ships, Saudi sites fuel supply worries

Houthi and regional attacks on shipping and Saudi infrastructure pushed crude to five-month highs, raising inflation and geopolitical-risk premiums affecting precious metals. (Investing)

 Europe gas trades at 2022 highs as Houthi strikes trigger supply fears

Houthi-driven supply disruptions pushed European natural gas to 2022 peaks, widening energy inflation concerns that can support demand for inflation hedges like precious metals. (Investing)

 Westwin eyes $3.9 billion nickel refinery offtake extension with Traxys

US nickel producer Westwin secured a 22-year offtake deal, signaling investment in domestic refining capacity and broader base-metals sector confidence amid supply reshoring trends. (Mining.com)

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A plain, factual guide to holding physical gold in a retirement account: the eligible metals, rollovers and transfers, custodians, storage, and fees.

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Metals 101

What moves gold overnight?

Gold trades nearly around the clock, so it reacts to Asian and European hours, the dollar, bond yields and headlines while the US sleeps. The morning print already reflects all of that.

β€œMetals mirror the dollar and the day's mood β€” a description, not a forecast.”

Gold Mornings is an educational digest for US readers. Nothing here is financial, investment, tax, or legal advice. Metals carry risk β€” you can lose money, and past performance does not predict future results. Some links may be affiliate links; we may earn a commission at no cost to you. Prices via Yahoo Finance, captured each morning before the US open.

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