Gold sticks to gains as Fed hike bets, elevated bond yields and bullish USD cap recovery

Gold (XAU/USD) sticks to a modest recovery, trading just below $4,150 heading into the European session on Tuesday. However, the bearish fundamental backdrop keeps the precious metal within striking distance of the lowest level since August 4, around the $4,100 neighborhood touched on Monday.

Gold impact rationale

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

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

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