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Global gold prices fall on October 21
Gold prices worldwide decreased today, Wednesday, October 21, 2026, for the fourth consecutive time. The spot price of an ounce was recorded at $4,118.18, down by 0.2%. Additionally, the US December gold futures declined to $4,136.20. Experts such as Bass Quigman and Ilya Spivak attributed this decline to inflationary pressures resulting from rising oil prices and the prospects of changing monetary policies, with expectations that the potential halt or reduction in interest rate hikes could impact gold prices in the future. Other precious metals also fell: silver by 0.9%, platinum by 0.6%, and palladium by 1.1%.
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