Gold Falls to July Low as Inflation Concerns Weigh Before Fed

Markets Commodities Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Yvonne Yue Li October 23, 2026 at 12:15 AM UTC Updated on October 23, 2026 at 3:23 PM UTC Gold fell to the lowest since July as renewed strength in energy prices and weakening US consumer sentiment reinforced inflation concerns just days before the Federal Reserve’s next policy meeting. Bullion slipped as much as 1.2% to trade around $3,975 an ounce. Brent oil rose above $115 a barrel as a flare-up in Middle East violence threatened global supplies. US consumer sentiment edged down to a five-month low in October as high prices and rising interest rates depressed morale.