{
  "id": 10389406,
  "title": "Forex Today: Gold slumps below $4,200 on hawkish Fed outlook, Mideast tensions",
  "url": "https://urgent.news/2026/09/28/forex-today-gold-slumps-below-4-200-on-hawkish-fed-outlook-mideast",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T06:54:30.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/forex-today-gold-slumps-below-4-200-on-hawkish-fed-outlook-mideast-tensions-202609280654"
  },
  "original_language": "en",
  "account": "On Monday, September 28, gold prices dipped below $4,200 amid a hawkish Federal Reserve outlook and escalating Middle East tensions. With no major economic data releases to influence trading, investors focused on comments from central banks and Middle Eastern headlines. The Reserve Bank of Australia (RBA) will report on monetary policy during Asian trading hours on Tuesday.\n\nPresident Donald Trump dismissed Iran's proposal to end the conflict and reopen the Strait of Hormuz, deeming it unacceptable. Iranian Foreign Minister Abbas Araghchi expressed openness to real diplomacy but readiness to counter any new US attacks, according to Al Jazeera.\n\nGold was the weakest against the US Dollar, falling approximately 2.5% on the day. The US Dollar Index held steady near 101.00 in European morning trading, while US stock index futures declined between 0.4% and 0.9%. The CME FedWatch Tool showed a 70% chance of a Federal Reserve rate hike in October, up from 55% at the beginning of the previous week.\n\nCleveland Fed President Beth Hammack delivered a moderately hawkish message, emphasizing inflation risks and maintaining a restrictive policy stance. HSBC analysts predict a moderate gain for the US Dollar in the near term, citing cyclical, political, and structural factors that could become less of a headwind. Meanwhile, the Australian Dollar fluctuated around 0.7000, the New Zealand Dollar held around 0.6200, and the Euro slipped below 1.1400.",
  "summary": "Here is what you need to know on Monday, September 28:",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Breaking: Gold weakens below $4,200, lowest since August 5",
        "url": "https://urgent.news/2026/09/28/breaking-gold-weakens-below-4-200-lowest-since-august-5",
        "published": "2026-09-28T03:10:33.000Z"
      },
      {
        "outlet": "Moneyweb",
        "title": "Gold slumps as costlier crude oil fans gains in treasury yields",
        "url": "https://urgent.news/2026/09/28/gold-slumps-as-costlier-crude-oil-fans-gains-in-treasury-yields",
        "published": "2026-09-28T07:45:48.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}