Gold's 3.6% Setback: Why an Oil-Price Spike Ended Up Weighing on Bullion
Published . Updated .
Gold slid 3.6% to $3,875.35 an ounce Friday as higher oil prices stoked inflation and rate-hike expe
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+13.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+12.1% 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.
- XRT SPDR S&P Retail ETF
SPDR S&P Retail ETF: it holds retailers. Linked by “price spike” (retail and consumer goods) in this story.
- XOM ExxonMobil Holdings+13.4% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- NEM Newmont-13.4% 30d
Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
- CVX Chevron+15.7% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- AEM Agnico Eagle Mines-7.6% 30d
Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USONo price data for this ticker | — | — | — | — | — | — | — |
| XLENo price data for this ticker | — | — | — | — | — | — | — |
| GLDNo price data for this ticker | — | — | — | — | — | — | — |
| XRTNo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -1.45% | -2.77% | base | after close | after close | after close | after close |
| NEMNo price data for this ticker | — | — | — | — | — | — | — |
| CVX | -1.54% | -2.69% | base | after close | after close | after close | after close |
| AEMNo 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.
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Gold's 3.6% Setback: Why an Oil-Price Spike Ended Up Weighing on Bullion ad-hoc-news.de
Source: ad-hoc-news.de
Price since this story was published: Spdr Gold Trust (GLD)
| Company | When | Move | Status |
|---|---|---|---|
| Chevron (CVX) | three days earlier | -2.69% | final price |
| Chevron (CVX) | five days earlier | -1.54% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | -2.77% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | -1.45% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 18 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 62 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought Newmont (NEM), worth $1,001 - $15,000 on 24 Aug 2026. That is 69 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 18 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 39 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 60 days before publication. Filed 7 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 Spdr Gold Trust (GLD)
The side that tends to collect
- XOM ExxonMobil Holdings
For “Gold's 3.6% Setback: Why an Oil-Price Spike Ended Up Weighing on Bullion,” ExxonMobil Holdings (XOM) tends to benefit, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- CVX Chevron
In “Gold's 3.6% Setback: Why an Oil-Price Spike Ended Up Weighing on Bullion,” Chevron (CVX) tends to benefit, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
No up or down call on file
- GLD Spdr Gold Trust
Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence in the 1 Nov 2026 story “Gold's 3.6% Setback: Why an Oil-Price Spike Ended Up Weighing on Bullion.” Reason on file: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
- GDX Vaneck Etf Trust
For “Gold's 3.6% Setback: Why an Oil-Price Spike Ended Up Weighing on Bullion,” Vaneck Etf Trust (GDX) is linked, with no stored direction, medium confidence. Reason on file: VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 1 Nov 2026 story “Gold's 3.6% Setback: Why an Oil-Price Spike Ended Up Weighing on Bullion.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XRT Spdr Series Trust
Spdr Series Trust (XRT) is linked, with no stored direction, medium confidence in the 1 Nov 2026 story “Gold's 3.6% Setback: Why an Oil-Price Spike Ended Up Weighing on Bullion.” Reason on file: SPDR S&P Retail ETF: it holds retailers. Linked by “price spike” (retail and consumer goods) in this story
Spdr Gold Trust (GLD) and the energy link
Spdr Gold Trust (GLD) is the company in “Gold's 3.6% Setback: Why an Oil-Price Spike Ended Up Weighing on Bullion,” the 1 Nov 2026 Energy story.
The link for Spdr Gold Trust (GLD) is this: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
Also listed, Vaneck Etf Trust (GDX): VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story
The price range for Spdr Gold Trust (GLD), and the dates in the story
GDX traded between 78.92 and 89.70 across 20 sessions. The latest close on file is 83.13. GLD traded between 373.41 and 400.78 across 20 sessions. The latest close on file is 379.67. USO traded between 141.82 and 171.80 across 20 sessions. The latest close on file is 168.83.
A simple score for Spdr Gold Trust (GLD)
46 out of 100
“Gold's 3.6% Setback: Why an Oil-Price Spike Ended Up Weighing on Bullion” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.