Gold slides 3% as Fed rate hike bets, rising Treasury yields weigh

Gold (XAU/USD) starts the week under heavy selling pressure, sliding nearly 3% as Oil-driven inflation concerns reinforce expectations that the Federal Reserve (Fed) could raise interest rates further. At the time of writing, XAU/USD trades around $4,156, its lowest level since August 5.

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