Gold seems vulnerable below $4,200, lowest since August 5 as Fed hike bets rise

Gold (XAU/USD) comes under heavy selling pressure at the start of a new week, dropping below the $4,200 mark to its lowest level since August 5 during the Asian session amid a bearish fundamental backdrop.

Gold impact rationale

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

• Source: FXStreet news
• 2026-09-28
• rates
• gold_price_action

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