Gold Drops More than 2% on US Rate-Hike Bets
13 Articles
13 Articles
Today, on Monday, gold prices declined, influenced by rising oil prices and growing fears of inflation, which reinforced the expectations of the US Federal Reserve to raise interest rates again, according to Reuters.
Gold, Silver and Platinum Slide Amid Inflation and Rate Concerns
WASHINGTON: Gold prices came under pressure at the start of the trading week as rising crude oil prices and growing concerns over inflation weighed on precious metals in global markets. On Monday, September 28, 2026, spot gold fell 1.5%, bringing its price down to $4,223.95 per ounce. US gold futures also declined 1.5%, settling at […]
🔔 Gold fell below $4,200 on expectations of a tighter stance from the Fed. 📉 Rising oil, a strengthening dollar, and increasing bond yields increased selling pressure. 📊 The market priced in a 68% probability of another interest rate hike in October. 🗓️ Eyes are now on US employment and PCE data, with $4,000 being watched as a support level. Read More: Gold falls below $4,200 on expectations of Fed tightening The article "Gold falls below $4…
Gold prices are under downward pressure as the ongoing standoff in the strategic Strait of Hormuz keeps prices high.
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