BengaluruGold fell 3.6% this week, its worst since June.
Capital.com’s Monte Safieddine says a break below $4,000 would mean markets price sticky inflation, not rate relief.
Oil rose after Houthi attacks in Saudi Arabia, reviving inflation fears, lifting yields and raising the cost of holding non-yielding bullion.
Polymarket traders give 94% odds the Federal Reserve holds rates on 28 October, up 23 points in a week.
How each outlet framed it
- Reuters
- explains gold's slide through the oil-to-rates channel, framing Houthi attacks as a rate-expectations shock that makes bullion a 'difficult cocktail'
Sources: Reuters