https://www.live-feeds.com/feed/gold-drops-more-than-2-on-us-rate-hike-betsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/gold-drops-more-than-2-on-us-rate-hike-betshttps://www.live-feeds.com/feed/gold-drops-more-than-2-on-us-rate-hike-bets#u93865Fri, 02 Oct 2026 00:04:56 +0000Gold prices fell more than 2% on Monday due to a rise in oil prices that heightened inflation concerns and reinforced expectations of further Federal Reserve interest-rate hikes. Spot gold was down 2.1% at $4,198.10 per ounce, while US gold futures fell 2.1% to $4,231.00. This decline is attributed to increased rate-hike expectations and higher energy costs.Why it mattersThe recent surge in oil prices has fueled inflation concerns, leading to expectations of further interest-rate hikes by the Federal Reserve. This has negatively impacted gold prices, as higher interest rates increase the oppor