Gold struggles near one-week low as traders await Trump-Xi meeting amid Fed hike bets

Gold (XAU/USD) sticks to a negative bias for the second straight day, trading below the $4,300 mark or a one-week low during the first half of the European session as traders await a crucial meeting between US President Donald Trump and his Chinese counterpart Xi Jinping.

Gold impact rationale

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

• Source: FXStreet news
• 2026-09-24
• rates
• gold_price_action
• price_action

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