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News 2026-09-28 07:45 UTC

Gold Futures Down 3% on Fed Rate-Hike Bets — Market Talk

Gold prices drop as rising oil prices reinforce expectations that the Federal Reserve might raise interest rates further next month, a move that would put pressure on the nonyielding metal. In early European trading, New York gold futures are down 3% to $4,189.40 a troy ounce. Meanwhile, the U.S. d…