Gold bounces off eight-week low; not out of the woods amid rising Fed hike bets

Gold (XAU/USD) attracts some buyers during the Asian session on Tuesday, reversing a part of the previous day's heavy losses to the $4,100 neighborhood, or its lowest level since August 4.

Gold impact rationale

Rising rate-hike or hawkish expectations increase gold's opportunity cost.

• Source: FXStreet news
• 2026-09-29
• gold_price_action
• rates

Topics: gold news, gold price impact, gold_price_action, rates