Gold Slips as Oil Prices Advance, Fed Rate-Hike Voices Grow
Spot gold fell 0.6% as traders priced in at least one Federal Reserve hike by year-end amid higher inflation concerns.
- On Monday, gold prices slipped to $3,992.91 an ounce as escalating Middle East tensions boosted oil prices and heightened expectations for Federal Reserve interest rate hikes.
- Renewed conflict in the Middle East intensified with Iranian attacks over the weekend, driving Oil prices up 3% as Brent surpassed $90 a barrel.
- Cleveland Fed President Beth Hammack joined policymakers on Friday, signaling interest rates may need to rise to contain inflation, pressuring non-yielding Bullion.
- Tehran declared the ceasefire effectively abandoned following attacks on an oil facility in Kuwait and ships in the Strait of Hormuz, threatening energy flow disruptions.
- Swap traders have priced in at least one rate hike by year-end, while Bullion has hovered around $4,000 after losing 14% in the second quarter.
12 Articles
12 Articles
Gold slips as oil prices surge past $90, Fed rate-hike voices grow
Gold prices dipped on Monday as an escalation in the Middle East war pushed Brent crude above $90 a barrel, heightening inflation concerns after many U.S. Federal Reserve policymakers signalled that interest rate hikes may be needed to curb price pressures.
Gold Prices Decline as U.S.-Iran Tensions and Fed Rate Hike Expectations Weigh on Market
Gold prices fell sharply on June 24, 2026, as renewed hostilities between the United States and Iran combined with growing expectations of a Federal Reserve interest rate hike prompted investors to reassess macroeconomic risks, according to market reports. Spot gold dropped 3.4% to $3,978.67 an ounce, its first move below $4,000 since November 2025, as […]
Gold prices slip as Fed signals further rate hike
Gold prices in the international market retreated on Monday after the US Federal Reserve signaled the possibility of another interest rate hike, dampening investor sentiment toward the precious metal. Spot gold fell 0.4 percent to $4,000.55 an ounce, extending last week’s downward trend when the metal shed 2.5 percent and touched a two‑week low on Friday. US gold futures also declined, slipping 0.3 percent to $4,005.9 an ounce. Analysts note tha…
Coverage Details
Bias Distribution
- 56% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
