# Gold Rises as Oil Prices Fall

> Gold climbs to $4,170 an ounce as falling oil prices ease inflation worries.
- Title: Gold Rises as Oil Prices Fall · TradingView | Shortify
- Summary: Gold climbs to $4,170 an ounce as falling oil prices ease inflation worries. Gold rose to $4,170 an ounce after oil prices dropped, reducing inflation fears…
- Keywords: xauusd, gold, oil prices, fed rate hike, treasury yields, gold etfs, business, finance, Rises, Oil, Prices, Fall
- Source: TradingView — https://tradingview.com/chart/GOLD/8EW64Jev-XAUUSD-daily-analysis-19-10-2026
- Published: 2026-10-19T10:22:49+00:00
- Read time: 1 min
- Topics: xauusd, gold, oil prices, fed rate hike, treasury yields, gold etfs, business, finance
## Gold Edges Higher
Gold rose to $4,170 an ounce as falling oil prices eased inflation concerns and traders reassessed the likelihood of another Fed rate hike.
## Technical Pressure
Gold remains under short-term bearish pressure, trading around $4,170 after stabilising near the 78.6% Fibonacci support at $4,130.
## Price Targets
A break above $4,250 could open the way toward $4,330, while a decisive move below $4,130 would expose the $4,000 area.
## Key takeaway

Gold rose to $4,170 an ounce after oil prices dropped, reducing inflation fears and Fed rate hike expectations.