https://www.live-feeds.com/feed/gold-hits-7-week-low-as-oil-driven-inflation-fears-boost-rate-hike-betsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/gold-hits-7-week-low-as-oil-driven-inflation-fears-boost-rate-hike-betshttps://www.live-feeds.com/feed/gold-hits-7-week-low-as-oil-driven-inflation-fears-boost-rate-hike-bets#u90038Wed, 30 Sep 2026 07:40:21 +0000Gold 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 mattersRising oil prices and persistent inflation pressures c