Gold bears tighten their grip as Fed rate hike bets rise

Gold (XAU/USD) slides to a one-week low on Thursday as rising US Treasury yields and a stronger US Dollar (USD) reflect an increasingly hawkish Federal Reserve (Fed) outlook. At the time of writing, XAU/USD trades around $4,260, down nearly 0.65% on the day.

Gold impact rationale

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

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

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