Gold Under Pressure on Stronger Dollar and Fed Rate Hike Bets

2026-09-15 14:36 By Joana Ferreira 1 min. read

Gold prices traded around $4,290 an ounce on Tuesday, their lowest level since early August, pressured by a stronger US dollar and elevated Treasury yields amid rising crude oil prices and expectations of a Federal Reserve interest rate hike this week.

Oil prices remained elevated and well above $100 a barrel after attacks on Saudi Arabia’s energy infrastructure forced the East-West Pipeline offline, heightening concerns over global supply.

Geopolitical risks also intensified amid continued disagreements between the US and Iran over the Strait of Hormuz, alongside an increased Houthi presence near the Strait of Bab el-Mandeb.

Markets are pricing in a 25-basis-point rate hike by the Fed on Wednesday, with investors closely watching policymakers’ guidance for signs of further tightening.

The Bank of Japan is also expected to raise interest rates on Friday, as elevated energy prices and persistent tensions in the Middle East continue to complicate the global inflation outlook.



News Stream
Gold Under Pressure on Stronger Dollar and Fed Rate Hike Bets
Gold prices traded around $4,290 an ounce on Tuesday, their lowest level since early August, pressured by a stronger US dollar and elevated Treasury yields amid rising crude oil prices and expectations of a Federal Reserve interest rate hike this week. Oil prices remained elevated and well above $100 a barrel after attacks on Saudi Arabia’s energy infrastructure forced the East-West Pipeline offline, heightening concerns over global supply. Geopolitical risks also intensified amid continued disagreements between the US and Iran over the Strait of Hormuz, alongside an increased Houthi presence near the Strait of Bab el-Mandeb. Markets are pricing in a 25-basis-point rate hike by the Fed on Wednesday, with investors closely watching policymakers’ guidance for signs of further tightening. The Bank of Japan is also expected to raise interest rates on Friday, as elevated energy prices and persistent tensions in the Middle East continue to complicate the global inflation outlook.
2026-09-15
Gold Holds Decline on Rate Hike Bets
Gold traded around $4,300 an ounce on Tuesday, hovering near five-week lows as elevated oil prices strengthened expectations for a US Federal Reserve interest rate hike this week. Oil prices extended their gains as Saudi Arabia’s East-West pipeline remained shut, while Ukraine disputed President Trump’s claim that it had already reached an agreement with Russia to halt attacks on energy infrastructure. Rising energy prices fueled inflation concerns and increased pressure on the Fed to tighten policy, with markets currently pricing in roughly a 92% chance of a 25-basis-point rate hike on Wednesday. The US 10-year Treasury yield also climbed toward 5% amid inflation and fiscal concerns, adding further pressure on non-yielding bullion. Elsewhere, the Bank of Japan is also expected to raise rates on Friday, as elevated energy costs and ongoing tensions in the Middle East continue to complicate the inflation outlook.
2026-09-15
Gold Falls as Fed Hike Bets Strengthen
Gold fell below $4,300 an ounce on Monday, touching its lowest level in more than a month and extending losses after posting a third consecutive weekly decline, as a stronger US dollar and growing expectations of a Federal Reserve rate hike weighed on the precious metal. Markets are pricing in around a 90% probability of a rate hike on Wednesday, following data showing US consumer inflation accelerated in August. A key measure of underlying inflation rose at its fastest pace in four months and came in slightly above expectations. Meanwhile, oil prices extended their rally after Saudi Arabia shut a major crude pipeline following drone attacks, disrupting a key route that bypasses the Strait of Hormuz and adding to global supply concerns. Elsewhere, the Bank of Japan is also expected to raise rates on Friday, as elevated energy prices and persistent Middle East tensions continue to complicate the inflation outlook.
2026-09-14