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News 2026-09-28 04:05 UTC

Gold drops more than 2% on US rate-hike bets

By Ashitha ShivaprasadGold prices fell more than 2% on Monday as a rise in oil prices heightened inflation concerns and reinforced expectations of further Federal Reserve interest-rate hikes.Spot gold TVC:GOLD was down 2.1% at $4,198.10 per ounce, as of 0357 GMT, on track for its biggest daily decl…

News 2026-09-28 01:36 UTC

Gold drops more than 1% on US rate-hike bets

By Ashitha ShivaprasadGold prices fell more than 1% on Monday as a rise in oil prices heightened inflation concerns and reinforced expectations of further Federal Reserve interest rate hikes.Spot gold TVC:GOLD was down 1.5% at $4,223.95 per ounce, as of 0117 GMT. US gold futures TVC:GOLD fell 1.5…