Gold hits 7-week low as oil-driven inflation fears boost rate-hike bets
Gold recovered part of its recent losses after a stronger-than-expected U.S. jobs report lifted expectations for Federal Reserve rate hikes and strengthened the dollar. The metal still ended the week with gains, supported by safe-haven demand during a sharp decline in Wall Street stocks. Technical analysts describe a more positive seasonal period for gold and silver, though they warn that choppy trading has not ended. The jobs data and the dollar now pull in opposite directions: rate-hike bets pressure gold, while market stress supports demand for it.
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- ✓ Gold prices dipped on Friday after a stronger dollar followed a blockbuster U.S. jobs report that strengthened expectations for Federal Reserve rate hikes.
- ✓ Gold logged gains for the week on safe-haven demand during a sharp rout on Wall Street.
- ✓ GoldSeek analysts said gold and silver have entered a more positive seasonal period but warned that choppy trading may continue.
What changed
A blockbuster U.S. jobs report strengthened Federal Reserve rate-hike expectations and pushed the dollar higher, weighing on gold on Friday even as the metal posted a weekly gain.
Live updates
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Gold rebounds after jobs-driven rate-hike fears, but volatility persists
Gold recovered part of its recent losses after a stronger-than-expected U.S. jobs report lifted expectations for Federal Reserve rate hikes and strengthened the dollar. The metal still ended the week with gains, supported by safe-haven demand during a sharp decline in Wall Street stocks. Technical analysts describe a more positive seasonal period for gold and silver, though they warn that choppy trading has not ended. The jobs data and the dollar now pull in opposite directions: rate-hike bets pressure gold, while market stress supports demand for it.
Why it matters
The employment report revived the December rate-hike expectations that helped drive gold below $3,900 per ounce and produced its worst October performance since 2008. The combination of a stronger dollar and higher yields explains the immediate weakness, while safe-haven buying explains the weekly gain. The technical outlook remains mixed, leaving the direction of the next move dependent on how investors balance inflation and rate fears against financial-market stress.
What is confirmed
- Gold prices dipped on Friday after a stronger dollar followed a blockbuster U.S. jobs report that strengthened expectations for Federal Reserve rate hikes.
- Gold logged gains for the week on safe-haven demand during a sharp rout on Wall Street.
- GoldSeek analysts said gold and silver have entered a more positive seasonal period but warned that choppy trading may continue.
Still unconfirmed
- GoldSeek analysts said they would not be surprised if gold and silver continue a choppy trading pattern.
What to watch next
- A Federal Reserve policy decision and the accompanying guidance on rate hikes
- Further U.S. jobs and inflation data that could shift December rate-hike expectations
- Sustained dollar strength or a reversal in safe-haven demand
confidence 72%Sources used for this update (4)
- ca.marketscreener.com — Argentina's YPF swings to billion-dollar profit as shale boom gathers pace
- www.postcourier.com.pg — Drum – Tidbit
- goldseek.com — Technical Scoop: Job Divergence, Gold Leap, Bull Life | GoldSeek
- finance.yahoo.com — Gold prices fall as blowout U.S. jobs report boosts Fed rate ...
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Gold Slides to One-Year Lows as Oil Inflation Triggers Rate Hikes
Gold prices dropped to their lowest level in more than a year, falling below $3,900 per ounce and ending October with its worst performance since 2008. The sharp selloff stems from surging energy costs and sticky inflation data that drove expectations that the Federal Reserve will raise interest rates in December. Traders are pricing in a 76 percent chance of a rate hike according to CME data. Meanwhile, spot silver dropped below $50 per ounce, and broader financial markets reeled from technology stock selloffs and ongoing geopolitical tensions involving Iran.
Why it matters
Rising energy costs and accelerating U.S. inflation data reinforced expectations that major central banks will keep monetary policy restrictive. The Federal Reserve and European Central Bank held rates steady while signaling that the fight against inflation is ongoing. Gold has plummeted nearly 30 percent from its January peak, defying its traditional role as a hedge against inflation and geopolitical uncertainty.
What is confirmed
- Spot gold fell below $3,900 an ounce to hit its lowest level since October 2025.
- Traders see a 76 percent chance that the U.S. Federal Reserve will raise rates in December according to CME's FedWatch tool.
- U.S. data released in September showed inflation accelerating with core price growth picking up.
- Spot silver fell below $50 an ounce to trade at $48.95.
Still unconfirmed
- Saxo Bank stated that the gold selloff may not be over.
What to watch next
- U.S. employment data releases
- Developments from the U.S. midterm elections
- Future Federal Reserve rate decisions and policy meetings
confidence 95%Sources used for this update (9)
- www.kitco.com — Gold prices plunge to one-year low below $3,900 as higher oil ...
- www.cnbc.com — Gold rebounds from one-year low as oil slides ahead of U.S ...
- tradingeconomics.com — Gold Hits One-Year Low - TRADING ECONOMICS
- www.nfl.com — 2027 NFL Draft order entering Week 9: Jets holding three of the top 10 picks
- www.businessinsider.com — Why Gold Is Down Nearly 30% From Its Peak, and What It Says ...
- pro.thestreet.com — Blue Wave Sends the Dow to Its Best Day Since April 2025 as AI Beneficiaries Sink
- finance.yahoo.com — Gold Had Its Worst October Since 2008: Will It Crash Further ...
- goldtrack.io — Gold Breaks Below $3,900 on Fed Hike Fears - Oct 31, 2026
- www.kitco.com — Gold falls as higher oil stokes inflation fears ahead of US ...
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Gold Slides as Oil-Driven Inflation Fears Fuel Fed Hike Bets
Gold prices dropped after sticky inflation and an oil price spike fueled expectations of a potential interest rate hike by the U.S. Federal Reserve. Spot gold fell below $3,900 per ounce, marking its lowest level of 2026 and sitting roughly 30% below its January peak. Precious metals faced persistent selling pressure as higher energy costs stoked broader economic anxieties, sending safe-haven assets lower while investors braced for critical inflation data and a Federal Reserve policy meeting.
Why it matters
Global financial markets experienced heavy volatility as energy price fluctuations drove renewed anxieties over persistent inflation. Investors weighed the implications of rising crude against shifting central bank monetary policies. The drop in precious metals reflects a broader reallocation of capital as market participants attempt to gauge the trajectory of future borrowing costs.
What is confirmed
- Spot gold price fell below $3,900 per ounce, reaching its lowest level of 2026.
- Gold prices fell as higher oil prices and sticky inflation fueled bets of a potential interest rate hike by the U.S. Federal Reserve.
- Gold prices bounced on Monday after falling more than 4% the previous week.
Still unconfirmed
- Tech-heavy Nasdaq edged higher amid stabilization in tech stocks while Dow Jones crashed over 500 points on Friday.
What to watch next
- The release of upcoming U.S. PCE inflation data
- The outcome of the Federal Reserve policy meeting regarding future interest rate paths
confidence 90%Sources used for this update (14)
- economictimes.indiatimes.com — Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Nasdaq crashes 2% as AI, oil risks drive flight to bonds
- www.livepriceofgold.com — Live Price of Gold - 24-hour live gold rates
- economictimes.indiatimes.com — US Stock Market Live Updates: AI Selloff Dow Jones crashes over 500 points as AI, telecom stocks tumble - The Economic Times
- finance.yahoo.com — Gold hits 3-mth low as oil rally fuels rate concerns; set for weekly drop
- www.vantagemarkets.co.uk — Gold (XAUUSD) Holds $4,155 as Yields Fall and Fed Hike Bets Cool - Vantage UK
- www.cnbc.com — Gold rises as lower oil prices ease inflation fears ahead of ...
- finance.yahoo.com — Gold gains as easing oil prices soothe inflation jitters
- www.thehindubusinessline.com — Stock Market Today Highlights, October 28: Sensex declines 353 points dragged by Reliance, IT stocks, rising crude oil prices
- finance.yahoo.com — Gold prices break $4,000 as investors brace for crucial test
- www.cnbc.com — Gold slides 1% as Fed hike bets linger ahead of U.S. inflation data
- discoveryalert.com — Gold Price Dips to $4,045 as Oil Spike Fuels Fed Hike Bets
- naga.com — Gold Price Forecast Q4 2026: Will Gold Rate Decrease Below $4,000?
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Asian Markets Reel From US Inflation Surges and Fed Rate Pressures
Asian financial markets face intense pressure following a hotter-than-expected US inflation report that has galvanized expectations for prolonged high interest rates from the Federal Reserve. The September price data, driven higher by energy costs, triggered a broad reassessment of monetary policy across global exchanges. This shift pushes the probability of a December rate hike nearly to 100 percent and revives the possibility of action in October, sending safe-haven gold prices tumbling to a seven-week low beneath $4,100 an ounce.
Why it matters
Inflation prints above forecasts directly challenge investor optimism regarding central bank easing cycles, strengthening the dollar and bond yields. Because energy costs serve as a primary engine for the Consumer Price Index gains, persistent oil-driven pressures complicate the Federal Reserve path. Regional exchanges in Asia must absorb tighter liquidity conditions and currency volatility as higher-for-longer US borrowing costs alter capital flows.
What is confirmed
- September US inflation showed a year-on-year increase of 3.7%, surpassing the 3.6% forecast.
- Monthly CPI rose 0.6%, driven by higher energy prices.
- Gold prices fell below $4,100 an ounce to reach their lowest level since early August.
Still unconfirmed
- Hotter US inflation data is directly impacting Asian markets through capital outflows and currency pressures.
What to watch next
- Official Federal Reserve announcements regarding upcoming October and December interest rate decisions.
- Subsequent monthly US Consumer Price Index releases to track persistent energy inflation.
confidence 90%Sources used for this update (2)
- www.thehindubusinessline.com — Stock Market Highlights, Oct 16: Sensex gains 413 pts, Nifty ends at 23,146 led by IT stocks - The HinduBusinessLine
- asiatimes.com — Hot US inflation singes Asia as higher-for-longer Fed rates ...
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Gold drops below $4,100 as US inflation hits 3.7%
Gold prices fell below $4,100 an ounce on Wednesday, reaching the lowest level since early August. This decline follows a September US inflation report showing a year-on-year increase of 3.7%, surpassing the 3.6% forecast. Higher energy prices drove the Consumer Price Index, with monthly CPI rising 0.6%. These figures have led markets to reassess Federal Reserve interest rate expectations, increasing the probability of a December rate hike to nearly 99% and renewing the possibility of an October hike.
Why it matters
Gold typically serves as an inflation hedge but loses appeal when rising inflation prompts central banks to raise interest rates. Higher rates increase the opportunity cost of holding non-yielding assets like bullion.
What is confirmed
- Gold prices fell below $4,100 an ounce on Wednesday, hitting their lowest level since early August.
- US inflation rose to 3.7% year-on-year in September, exceeding forecasts of 3.6%.
- The monthly CPI increased 0.6%, marking its largest gain in five months.
- Core inflation reached 2.6% annually and 0.3% monthly.
- Market probability for a Federal Reserve rate hike in December rose from 88% to nearly 99%.
What to watch next
- The Federal Reserve's interest rate decision at the October meeting
- Upcoming US inflation data reports
confidence 95%Sources used for this update (7)
- economictimes.indiatimes.com — Business News Live, Share Market News - Read Latest Finance News, IPO ...
- www.thehindubusinessline.com — Stock Market Highlights, 13 Oct: Sensex jumps 1,109 points, Nifty rises 1.6% as IT stocks rally - The Hin....
- help.naver.com — Futures Flat As Oil Rebounds After Trump's "Energy Ceasefire" Unravels, Memory Stocks Slide | ZeroHedge
- www.iheart.com — ONE THIRD OF TRUMP '24 VOTERS ABANDON HIM AS MIDTERMS LOOM -10.12.26
- finance.yahoo.com — Gold Holds Loss as Hot Inflation Lifts October Rate-Hike Bets
- tradingeconomics.com — Gold Slides as Strong US Inflation Fuels Rate Hike Bets
- discoveryalert.com — Gold Inflation Hedge Fails as CPI Hits 3.7%: What Happened
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Gold hits 7-week low on oil-driven inflation fears, rate-hike bets
Gold prices have dropped to a 7-week low due to oil-driven inflation fears, rising Treasury yields, and a strong US dollar, which have boosted rate-hike expectations. However, gold prices rebounded after a weaker-than-expected US jobs report, which led to decreased rate-hike expectations and a weaker dollar. The precious metal's price continues to fluctuate, influenced by US inflation data and Federal Reserve interest-rate decisions.
Why it matters
The recent fluctuations in gold prices are largely driven by market expectations of the Federal Reserve's interest-rate trajectory, influenced by US economic data such as inflation and jobs reports. Rising oil prices and Treasury yields have contributed to inflation concerns, while a strong US dollar has made gold more expensive for buyers. The Federal Reserve's interest-rate decisions will likely continue to impact gold prices in the near term.
What is confirmed
- Gold prices dropped to a 7-week low due to oil-driven inflation fears, rising Treasury yields, and a strong US dollar.
- The weaker-than-expected US jobs report led to decreased rate-hike expectations and a weaker dollar, causing gold prices to rebound.
- Gold prices broke $4,230.51 support due to oil-driven inflation fears, rising Treasury yields, and a firm dollar.
Still unconfirmed
- US inflation data is being closely watched for clues on the Federal Reserve's interest-rate trajectory.
What to watch next
- US inflation data release
- Federal Reserve interest-rate decision
- Upcoming economic data releases
confidence 85%Sources used for this update (6)
- www.marketbeat.com — GLD News Today | Why did SPDR Gold Shares go up today? - MarketBeat
- money.rediff.com — Read Stories From New+delhi
- www.fxempire.com — Gold News: Oil, Yields and Dollar Drive XAUUSD to Seven-Week Low
- www.cnbc.com — Gold eases on strong dollar, oil prices; U.S. inflation data eyed
- www.marketscreener.com — EMEA Morning Briefing : U.S. Inflation Data Awaited
- www.cnbc.com — Gold drops over 1% as hot U.S. inflation data boosts Fed hike ...
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Gold Prices Slip to Seven-Week Low Amid Inflation Pressures
Gold prices dropped 3% to $4156.45 on Monday, hitting their lowest level since August 5. The precious metal fell 6% over September, driven down by rising oil prices, inflation concerns, a strong US Dollar Index, and Treasury yields. However, the asset managed to recover some lost ground following a weaker-than-expected US jobs report. International markets in New York, London, Hong Kong, and Sydney continue to track live spot rates and charts as gold remains in a constant state of flux.
Why it matters
Gold functions as a major alternative asset and precious metal traded globally across international markets, reacting directly to macroeconomic indicators like currency strength, employment data, and energy prices. Changes in the spot price reflect immediate market sentiment regarding interest rates and inflation risks. Analysts and investors monitor continuous price charts and historical data to gauge shifts in institutional and consumer demand.
What is confirmed
- Gold dropped 3% to $4156.45 on Monday, marking its lowest level since August 5.
- The metal declined 6% in September.
- Gold prices are influenced by rising oil prices, inflation concerns, the US Dollar Index, and Treasury yields.
- Gold prices recovered some ground after a weaker-than-expected US jobs report.
What to watch next
- Upcoming US economic reports and employment data releases
- Further movements in oil prices and the US Dollar Index
- Decisions regarding interest rate hikes tied to inflation fears
confidence 100%Sources used for this update (7)
- www.kitco.com — Price of Gold Per Ounce | 24 Hour Spot Chart - KITCO
- www.kitco.com — Live Gold Prices | Gold News And Analysis | Mining News | KITCO
- goldprice.org — Gold Price Charts & Historical Data - GoldPrice.org
- www.tradingview.com — XAUUSD Chart — Gold Spot Price Today — TradingView
- goldprice.org — Live Gold Price Chart
- www.gold.com — Gold.com, Inc. - Integrated Precious Metals Company | NYSE:GOLD
- en.wikipedia.org — Gold - Wikipedia
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Gold hits 7-week low as oil-driven inflation fears boost rate-hike bets
Gold prices have fallen to a 7-week low due to rising oil prices and inflation concerns. The metal's price is being influenced by a strong US Dollar Index and Treasury yields. Gold dropped 6% in September and fell 3% to $4156.45 on Monday, its lowest level since August 5. However, gold prices recovered some ground after a weaker-than-expected US jobs report.
Why it matters
The recent fluctuations in gold prices are largely attributed to the current economic climate, where rising oil prices have sparked inflation concerns. This has led to increased bets on rate hikes, which in turn have impacted gold prices. The strong US Dollar Index and Treasury yields have also played a significant role in shaping the metal's price.
What is confirmed
- Gold prices fell to a 7-week low due to rising oil prices and inflation concerns.
- Gold dropped 6% in September.
- Gold fell 3% to $4156.45 on Monday, its lowest level since August 5.
- Gold prices recovered some ground after a weaker-than-expected US jobs report.
What to watch next
- US inflation data
- Federal Reserve's decision on interest rates
- Oil price movements
confidence 90%Sources used for this update (3)
- theedgemalaysia.com — Precious Metals - The Edge Malaysia
- www.aol.com — Wall Street shares notch records as oil prices stabilize, bond yields retreat - AOL
- www.cnbc.com — Gold prices recover from two-month low as dollar rally stalls
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Gold hits 7-week low on inflation fears, rate-hike bets
Gold prices have fallen to a 7-week low due to rising oil prices and inflation concerns, but recovered some ground after a weaker-than-expected US jobs report. The metal's price is being influenced by a strong US Dollar Index and Treasury yields. Gold dropped 6% in September and fell 3% to $4156.45 on Monday, its lowest level since August 5.
Why it matters
The recent volatility in gold prices is largely driven by market expectations of a potential Federal Reserve rate hike. A strong US dollar and elevated Treasury yields have also impacted gold prices. The market is now balancing the effects of these factors against softer employment data.
What is confirmed
- Gold rose over 1% on Friday after weaker-than-expected US jobs data for September eased concerns about a Federal Reserve rate hike this month.
- Gold prices fell more than 1% on Wednesday to the $4100 per ounce mark, the lowest level in over a month.
- A firmer dollar and buoyant Treasury yields capped demand for gold.
What to watch next
- US Federal Reserve's decision on interest rates
- Future US jobs reports
- Changes in oil prices and Treasury yields
confidence 85%Sources used for this update (6)
- www.gulf-times.com — tag - Gulf Times
- www.marketscreener.com — Gold gains as US jobs data eases rate-hike fears, but heads for weekly loss | MarketScreener
- finance.yahoo.com — Bond Selloff Pressures Gold; Soft Jobs Data Offers a Reprieve
- finance.yahoo.com — Gold Steady as More Oil and Falling Yields Ease Rate-Hike Bets
- thegoldforecast.com — Gold | The Gold Forecast
- www.marketscreener.com — Wall Street shares notch records as oil prices stabilize, bond yields retreat | MarketScreener
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Gold prices volatile as jobs data offsets oil-driven inflation fears
Spot gold fell 3% to $4,156.45 on Monday, hitting its lowest level since August 5 due to rising oil prices and inflation concerns. However, the metal recovered some ground on Friday after a weaker-than-expected US jobs report lowered Treasury yields and reduced immediate rate-hike bets. This volatility follows a September decline where gold dropped 6%, falling from $4,489 to $4,110. Market participants are now balancing the impact of a strong US Dollar Index, which recently climbed above 102.00, against softer employment data.
Why it matters
Precious metals typically face pressure when interest rates and bond yields rise because they offer no yield. The Federal Reserve previously raised rates by a quarter percentage point this month to combat inflation.
What is confirmed
- Spot gold fell 3% to $4,156.45 per ounce on Monday, reaching its lowest point since August 5.
- The US Dollar Index climbed above the 102.00 mark during the Asian session on Friday.
- Gold prices fell 6% in September, moving from $4,489 to $4,110.
- The Federal Reserve increased interest rates by a quarter percentage point earlier this month.
Still unconfirmed
- Traders see a 70.3% chance of a Federal Reserve rate hike in October.
- A December rate hike is 89% priced into the market.
What to watch next
- Federal Reserve interest rate decision for October
- Upcoming US Non-Farm Payrolls (NFP) data
- Energy price fluctuations driven by Middle East escalation
confidence 90%Sources used for this update (15)
- www.thehindubusinessline.com — Stock Market Today Highlights: Stock markets fall for 3rd day; Nifty down 96 points, Sensex slips to 72,4....
- finance.yahoo.com — Gold Edges Lower as Treasury Yields and Dollar Offset Softer ...
- www.mitrade.com — United States Dollar Index sits near March 2025 highs, above 102.00 ahead of US NFP
- www.khaleejtimes.com — Gold hits 7-week low as oil-driven inflation fears boost rate ...
- www.zawya.com — Gold hits 7-week low as oil-driven inflation fears boost rate ...
- www.tradingview.com — Gold hits 7-week low as oil-driven inflation fears boost rate ...
- menafn.com — Gold Hits 7-Week Low As Oil-Driven Inflation Fears Boost Rate ...
- tradingeconomics.com — Canada Stock Market Index (TSX) - Quote - Chart - Historical Data - News
- economictimes.indiatimes.com — Dow Jones| Nasdaq | US Stock Market Today | Live: Nasdaq rises over 1% to hit record on softer jobs data; Europe to release diesel reserves
- www.economies.com — Gold News | Gold News Today | Gold Today | Gold Rates News
- discoveryalert.com — Why Gold Fell 6% in September and Where It Goes Next
- www.cnbc.com — Gold heads for weekly drop as strong dollar, elevated Treasury yields weigh
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Gold Hits Seven-Week Low Amid Oil-Driven Rate Hike Bets
Gold prices dropped sharply, falling below $4,300 and reaching a seven-week low as surging oil prices stoked inflation fears and boosted bets on higher interest rates. Spot gold fell more than 2% to 3%, while silver prices also plunged. Higher bond yields, with yields hitting multi-decade highs and reaching 5.2%, added further pressure on precious metals. The market sell-off was triggered by mounting concerns over inflation driven by the energy surge and expectations that the Federal Reserve will keep borrowing costs elevated.
Why it matters
Rising oil prices and persistent inflation pressures complicate the economic outlook, forcing investors to reprice interest rate expectations. Higher bond yields increase the opportunity cost of holding non-yielding bullion, sparking aggressive liquidations across precious metals. Geopolitical tensions in the Middle East, including a Hormuz impasse and an ongoing conflict involving Iran, continue to fuel volatility in energy markets.
What is confirmed
- Gold fell more than 2% to over 3% to touch its lowest in over seven weeks.
- Gold prices fell below $4,300 amid pressure from oil and Federal Reserve rate-hike bets.
- Bond yields hit multi-decade highs, with 5.2% yields limiting any rebound in gold.
- A Hormuz impasse and Middle East tensions kept rate-hike bets elevated and oil surging.
Still unconfirmed
- A protracted Iran war marked by cycles of escalation and pauses is a key scenario for the Mideast geoeconomics outlook.
What to watch next
- Further movements in crude oil futures and Middle East geopolitical developments
- Upcoming Federal Reserve rate decisions and inflation data reports
- Bond yield trajectories and their continued impact on bullion prices
confidence 90%Sources used for this update (14)
- www.zerohedge.com — Futures Tumble As Yields Hit Multi-Decade Highs, Oil Surges | ZeroHedge
- Reuters — Gold drops more than 2% on US rate-hike bets
- FOREX.com — Gold Price Forecast: XAU/USD Avoids Breakdown as Yields Surged but Can it Continue?
- Bloomberg.com — Gold Slumps as Hormuz Impasse Keeps Rate-Hike Bets Elevated
- KITCO — Gold caps weekly loss as Fed bets, 5.2% yields limit rebound - Kitco PM Report
- Yahoo Finance — Gold falls below $4,300 as oil, Fed hike bets keep pressure on bullion
- CNBC — Gold and silver prices fall sharply as higher bond yields weigh on metals
- wsj.com — Gold Falls to Seven-Week Low as Rate-Hike Bets Rise
- www.home.saxo — Asia Market Quick Take – 17 August, 2026 | Saxo
- economictimes.indiatimes.com — Gold, silver plunge up to 3% as oil surge, rate-hike bets trigger sell-off. What lies ahead?
- www.marketscreener.com — Gold hits 7-week low as oil-driven inflation fears boost rate-hike bets
- ca.marketscreener.com — Iran War Endgame Remains Elusive | MarketScreener Canada
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