Markets, money, and the policy that moves them.
Back issue · Friday, October 23, 2026 · as it ran
The Markets
By Priya Anand · 2w
Gold falls 2.8%, silver 5.8% as inflation fears erase $1T in metals value
The selloff occurred 2026-10-23 amid rising oil prices and shifting expectations for Federal Reserve policy.
By Priya Anand · 2wGold fell 2.8% and silver fell 5.8% on 2026-10-23, wiping an estimated $1 trillion in combined market value from the two precious metals.
Rising Middle East tensions have pushed oil prices higher, triggering renewed concern over inflation.
That inflation risk is now seen as likely to limit the scope for Federal Reserve interest rate cuts.
Read with its sources →
