Gold plunges over 2% as Middle East energy shock fuels inflation worries
Gold (XAU/USD) extends losses below $4,100 on Thursday, falling more than 2% as energy-driven inflation concerns from Middle East tensions reinforce expectations that interest rates will remain elevated longer. At the time of writing, XAU/USD trades around $4,053, its lowest level since August 4.
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Story file
- Section
- Business
- Topics
- Economy & RBI
- First reported by
- FXStreet
- Published
- Thursday, 22 October 2026, 9:35 pm IST
- Coverage
- One outlet so far
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