Gold gains as oil price slide cools some inflation concerns
Published . Updated .
By Sherin SansGold climbed back above $4,000 on Monday, as softer oil prices eased some inflation concerns ahead of this week's US Federal Reserve policy meeting that could shed light on the future interest rate path.Spot gold TVC:GOLD rose 0.4% to $4,012.09 per ounce by 1126
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+8.2% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+7.4% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- GLD SPDR Gold Shares-3.3% 30d
SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- TIP iShares TIPS Bond ETF-0.5% 30d
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- XOM ExxonMobil Holdings+11.0% 11d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+9.9% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- COP ConocoPhillips+11.7% 30d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- SHEL Shell+0.1% 13d
Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | -5.13% | -5.78% | base | -2.94% | after close | after close | after close |
| XLE | -2.19% | -1.69% | base | -0.41% | after close | after close | after close |
| GLDNo price data for this ticker | — | — | — | — | — | — | — |
| TIPNo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -2.72% | -2.80% | base | -0.51% | after close | after close | after close |
| CVX | -3.75% | -2.77% | base | -0.81% | after close | after close | after close |
| COP | -3.70% | -3.40% | base | -0.82% | after close | after close | after close |
| SHELNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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Gold gains as oil price slide cools some inflation concerns TradingView
Source: TradingView
How far United States Oil Fund (USO) has moved since 26 Oct 2026
| Company | When | Move | Status |
|---|---|---|---|
| COP | that day | -0.82% | still updating |
| COP | three days earlier | -3.40% | final price |
| COP | five days earlier | -3.70% | final price |
| Chevron (CVX) | that day | -0.81% | still updating |
| Chevron (CVX) | three days earlier | -2.77% | final price |
| Chevron (CVX) | five days earlier | -3.75% | final price |
| United States Oil Fund (USO) | that day | -2.94% | still updating |
| United States Oil Fund (USO) | three days earlier | -5.78% | final price |
| United States Oil Fund (USO) | five days earlier | -5.13% | final price |
| Select Sector Spdr Tr (XLE) | that day | -0.41% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | -1.69% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -2.19% | final price |
| ExxonMobil Holdings (XOM) | that day | -0.51% | still updating |
| ExxonMobil Holdings (XOM) | three days earlier | -2.80% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | -2.72% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 56 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 87 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 33 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 54 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Chevron (CVX), worth $15,001 - $50,000 on 26 Aug 2026. That is 61 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 61 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 63 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Conocophillips (COP), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 66 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around United States Oil Fund (USO)
Likely winners
- USO United States Oil Fund
For “Gold gains as oil price slide cools some inflation concerns,” United States Oil Fund (USO) tends to benefit, medium confidence. Reason on file: This fund moves with oil prices. Linked by “oil price + price” in this story
- XLE Select Sector Spdr Tr
In “Gold gains as oil price slide cools some inflation concerns,” Select Sector Spdr Tr (XLE) tends to benefit, medium confidence. Reason on file: A fund of energy companies. Linked by “oil price + price” in this story
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) tends to benefit, medium confidence in the 26 Oct 2026 story “Gold gains as oil price slide cools some inflation concerns.” Reason on file: Oil producers earn more when crude prices rise. Linked by “oil price + price” in this story
- CVX Chevron
Chevron (CVX) tends to benefit, medium confidence in the 26 Oct 2026 story “Gold gains as oil price slide cools some inflation concerns.” Reason on file: Oil producers earn more when crude prices rise. Linked by “oil price + price” in this story
No up or down call on file
- BNO United States Brent Oil Fund
In “Gold gains as oil price slide cools some inflation concerns,” United States Brent Oil Fund (BNO) is linked, with no stored direction, medium confidence. Reason on file: Tracks Brent, the global crude benchmark. Linked by “oil price + price” in this story
- GLD Spdr Gold Trust
For “Gold gains as oil price slide cools some inflation concerns,” Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence. Reason on file: Tracks the gold price. Linked by “gold gains” in this story
How energy news reaches United States Oil Fund (USO)
The 26 Oct 2026 story “Gold gains as oil price slide cools some inflation concerns” names United States Oil Fund (USO) because of Energy.
For United States Oil Fund (USO), the reason on file says This fund moves with oil prices. Linked by “oil price + price” in this story
Select Sector Spdr Tr (XLE) is here too. Its reason reads: A fund of energy companies. Linked by “oil price + price” in this story
Dates and price levels for United States Oil Fund (USO)
BNO traded between 58.70 and 71.28 across 20 sessions. The latest close on file is 70.98. USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 169.55. XLE traded between 60.95 and 69.72 across 20 sessions. The latest close on file is 69.32.
A simple score for United States Oil Fund (USO)
46 out of 100Price not final
“Gold gains as oil price slide cools some inflation concerns” scores 46 out of 100. The score uses 1 sources, and 6 linked companies. The price is not final yet.