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Gold struggles near $4,150 as global rate hike risks loom

Gold (XAU/USD) drifts lower on Tuesday even as US Treasury yields dive and the US Dollar weakens, with a light US economic docket mostly ignored by investors ahead of Federal Reserve’s (Fed) meeting next week. At the time of writing, XAU/USD trades at $4,122, down over 0.43%.

Gold struggles near $4,150 as global rate hike risks loom

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Valmont: 3 Key Takeaways for Long-Term Investors

Steel inflation is temporarily pressuring margins, but a multiyear utility cycle and disciplined pricing should unlock expansion.

  • North American utility sales rose 23% in Q3 2026
  • Infrastructure backlog reached $1.8 billion due to pipeline conversion
  • Management expects pricing to catch up, supporting margin expansion in 2-3 quarters

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