Gold tumbles over 3.5% as Fed rate-hike bets, surging US Treasury yields weigh

Gold (XAU/USD) remains under strong selling pressure on Monday, down over 3.5% as elevated Oil prices reinforce expectations of further Federal Reserve (Fed) interest rate hikes. At the time of writing, XAU/USD trades around $4,121, 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

Topics: gold news, gold price impact, rates