Gold extends intraday losses below $4,200, fresh low since August 5 on Fed hike bets

Gold (XAU/USD) adds to heavy intraday losses, hitting a fresh low since August 5, around the $4,169-$4,168 region heading into the European session on Monday 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