Gold Slips Below $4,000 As Oil Prices, US Inflation Fuel Fed Rate Hike Bets
Published . Updated .
This report is about oil and US interest rates.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+9.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- TLT iShares 20+ Year Treasury Bond ETF-1.8% 30d
iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) 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.
- XOM ExxonMobil Holdings+10.9% 15d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- JPM JPMorgan Chase-1.7% 30d
JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.
- CVX Chevron+10.5% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- BAC Bank of America-11.4% 30d
Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) 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 | — | — | — | — | — | — | — |
| TLT | -0.18% | +0.20% | base | after close | after close | after close | after close |
| GLDNo price data for this ticker | — | — | — | — | — | — | — |
| XOM | +0.03% | -1.79% | base | after close | after close | after close | after close |
| JPM | -3.51% | -2.27% | base | after close | after close | after close | after close |
| CVX | +0.78% | -1.37% | base | after close | after close | after close | after close |
| BAC | -1.15% | -0.92% | base | after close | after close | after close | after close |
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 Slips Below $4,000 As Oil Prices, US Inflation Fuel Fed Rate Hike Bets TradingView
Source: TradingView
The price since 30 Oct 2026: United States Oil Fund (USO) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Bank Of America (BAC) | three days earlier | -0.92% | final price |
| Bank Of America (BAC) | five days earlier | -1.15% | final price |
| Chevron (CVX) | three days earlier | -1.37% | final price |
| Chevron (CVX) | five days earlier | +0.78% | final price |
| Jpmorgan Chase (JPM) | three days earlier | -2.27% | final price |
| Jpmorgan Chase (JPM) | five days earlier | -3.51% | final price |
| Ishares Tr (TLT) | three days earlier | +0.20% | final price |
| Ishares Tr (TLT) | five days earlier | -0.18% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | -1.79% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | +0.03% | final price |
Congressional trades in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 16 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 60 days before publication. Filed 25 Sep 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 56 days before publication. Filed 1 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM), worth $15,001 - $50,000 on 4 Sep 2026. That is 56 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 27 Aug 2026. That is 64 days before publication. Filed 4 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 16 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 37 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 58 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 51 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Laurel Lee sold Bank Of America (BAC) (held by a spouse), worth $50,001 - $100,000 on 24 Aug 2026. That is 67 days before publication. Filed 16 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 collects and who pays in energy
Companies tied to this story
- USO United States Oil Fund
For “Gold Slips Below $4,000 As Oil Prices, US Inflation Fuel Fed Rate Hike Bets,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
For “Gold Slips Below $4,000 As Oil Prices, US Inflation Fuel Fed Rate Hike Bets,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
- TLT Ishares Tr
For “Gold Slips Below $4,000 As Oil Prices, US Inflation Fuel Fed Rate Hike Bets,” Ishares Tr (TLT) is linked, with no stored direction, medium confidence. Reason on file: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story
- GLD Spdr Gold Trust
For “Gold Slips Below $4,000 As Oil Prices, US Inflation Fuel Fed Rate Hike Bets,” Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence. Reason on file: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
- XOM ExxonMobil Holdings
For “Gold Slips Below $4,000 As Oil Prices, US Inflation Fuel Fed Rate Hike Bets,” ExxonMobil Holdings (XOM) is linked, with no stored direction, 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
- JPM Jpmorgan Chase
Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence in the 30 Oct 2026 story “Gold Slips Below $4,000 As Oil Prices, US Inflation Fuel Fed Rate Hike Bets.” Reason on file: JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story
- CVX Chevron
In “Gold Slips Below $4,000 As Oil Prices, US Inflation Fuel Fed Rate Hike Bets,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- BAC Bank Of America
Bank Of America (BAC) is linked, with no stored direction, medium confidence in the 30 Oct 2026 story “Gold Slips Below $4,000 As Oil Prices, US Inflation Fuel Fed Rate Hike Bets.” Reason on file: Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story
United States Oil Fund (USO) and the energy link
“Gold Slips Below $4,000 As Oil Prices, US Inflation Fuel Fed Rate Hike Bets” (30 Oct 2026) reaches United States Oil Fund (USO) through Energy.
For United States Oil Fund (USO), the reason on file says United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
What this energy story puts on the calendar
TLT traded between 76.44 and 81.94 across 20 sessions. The latest close on file is 79.46. USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 168.21. XLE traded between 61.91 and 69.86 across 20 sessions. The latest close on file is 68.72.
What the saved facts support for United States Oil Fund (USO)
46 out of 100
“Gold Slips Below $4,000 As Oil Prices, US Inflation Fuel Fed Rate Hike Bets” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.