{
  "id": 10430255,
  "title": "Gold slides 3% as Fed rate hike bets, rising Treasury yields weigh",
  "url": "https://urgent.news/2026/09/28/gold-slides-3-as-fed-rate-hike-bets-rising-treasury-yields-weigh",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T11:03:54.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/gold-slides-nearly-3-as-fed-hike-bets-rising-treasury-yields-weigh-202609281103"
  },
  "original_language": "en",
  "account": "Gold prices fell 3% on Monday as worries about rising inflation due to high oil prices increased the likelihood of further interest rate hikes by the Federal Reserve (Fed). The commodity's value dropped to $4,156, the lowest level since August 5, 2022. The ongoing conflict between Iran and the US over the Strait of Hormuz has led to volatile oil prices, which has weighed on gold as a safe-haven asset and an inflation hedge. The 10-year US Treasury yield reached 5.23%, the highest since 2007, indicating a higher opportunity cost of holding non-yielding assets like gold. The 70% chance of a rate hike in October, as seen by traders, added pressure on the US Dollar, which pushed gold prices down. Technical analysis indicates that gold is in a bearish near-term trend, with price below both the 50-day and 100-day Simple Moving Averages (SMA) and further overhead 200-day SMA. Momentum is negative, with the Relative Strength Index (RSI) at 36 and the Moving Average Convergence Divergence (MACD) indicator below zero. On the upside, initial resistance is at the 100-day SMA ($4,298) and 50-day SMA ($4,320), before the 200-day SMA ($4,540) as a major hurdle. On the downside, support is at the $4,150 level, with deeper support near $4,000.",
  "summary": "Gold (XAU/USD) starts the week under heavy selling pressure, sliding nearly 3% as Oil-driven inflation concerns reinforce expectations that the Federal Reserve (Fed) could raise interest rates further. At the time of writing, XAU/USD trades around $4,156, its lowest level since August 5.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Quartz",
        "title": "Stock futures drop as oil, Treasury yields climb to start the week",
        "url": "https://urgent.news/2026/09/28/stock-futures-drop-as-oil-treasury-yields-climb-to-start-the-week",
        "published": "2026-09-28T11:53:20.000Z"
      }
    ]
  },
  "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."
}