Gold Remains Under Pressure

2026-09-14 00:26 By Jam Kaimo Samonte 1 min. read

Gold struggled near $4,300 an ounce on Monday after declining for three straight weeks, weighed down by surging oil prices and bets on tighter Federal Reserve monetary policy.

Oil prices jumped toward four-month highs on Monday after Saudi Arabia closed a key pipeline that was used to bypass the Strait of Hormuz following drone attacks.

The protracted Middle East crisis has delivered an inflationary jolt to the global economy, reinforcing a hawkish outlook on interest rates.

Markets are currently pricing in around an 86% chance that the Fed will raise its policy rate by 25 basis points on Wednesday.

Data on Friday showed US consumer inflation steadied at 3.4% in August, the same as in July and in line with forecasts, while monthly CPI rose 0.4%, the strongest increase in three months.

US producer prices also accelerated in August as the Iran war pushed wholesale energy costs higher, while labor market data pointed to continued resilience in employment.



News Stream
Gold Remains Under Pressure
Gold struggled near $4,300 an ounce on Monday after declining for three straight weeks, weighed down by surging oil prices and bets on tighter Federal Reserve monetary policy. Oil prices jumped toward four-month highs on Monday after Saudi Arabia closed a key pipeline that was used to bypass the Strait of Hormuz following drone attacks. The protracted Middle East crisis has delivered an inflationary jolt to the global economy, reinforcing a hawkish outlook on interest rates. Markets are currently pricing in around an 86% chance that the Fed will raise its policy rate by 25 basis points on Wednesday. Data on Friday showed US consumer inflation steadied at 3.4% in August, the same as in July and in line with forecasts, while monthly CPI rose 0.4%, the strongest increase in three months. US producer prices also accelerated in August as the Iran war pushed wholesale energy costs higher, while labor market data pointed to continued resilience in employment.
2026-09-14
Gold Heads for Third Weekly Loss as Fed Hike Bets Rise
Gold rose to around $4,380 an ounce on Friday but was down nearly 1% weekly on the week, its third consecutive weekly loss, as investors digested the latest US inflation data ahead of next week’s Federal Reserve meeting. US inflation held at 3.4% in August, in line with expectations, while monthly CPI rose 0.4%, the strongest increase in three months. Core CPI accelerated to 0.3% month-on-month, its largest gain since April and above expectations of 0.2%, although the annual rate eased to 2.4%, the lowest since March 2021. US producer prices also accelerated in August as the Iran war pushed wholesale energy costs higher, while last week’s labor market data pointed to continued resilience in employment. Markets have increased bets on a 25-basis-point Fed rate hike next week, with the CME FedWatch Tool now showing around an 86% probability, up from roughly 70% before the inflation data.
2026-09-11
Gold Rises Ahead of US CPI Data
Gold rose to around $4,350 an ounce on Friday, recouping some losses from the previous session as investors looked ahead to the latest US consumer price index report that could determine whether Federal Reserve will raise interest rates next week. Data released Thursday showed US producer prices accelerated in August as the Iran war pushed wholesale energy costs higher. Markets are now pricing in roughly a 71% probability of a 25-basis-point Fed rate increase next week, up from 61% before the PPI data. Gold also found support from easing oil prices, though the escalating US-Iran conflict fueled concerns over higher inflation. Meanwhile, Treasury yields jumped following lower-than-expected purchases by the US Treasury Department during its first expanded buyback operation. Non-interest-bearing assets such as gold tend to underperform when yields rise. Gold is still on track to lose nearly 2% this week, marking its third straight weekly decline.
2026-09-11