{
  "id": 10676455,
  "title": "Gold steadies after sharp drop as traders assess Fed outlook, Middle East risks",
  "url": "https://urgent.news/2026/09/29/gold-steadies-after-sharp-drop-as-traders-assess-fed-outlook-middle",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T10:58:18.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/gold-steadies-after-sharp-drop-as-traders-assess-fed-outlook-middle-east-risks-202609291058"
  },
  "original_language": "en",
  "account": "Gold steadies at $4,152 after a sharp sell-off on Monday, as traders assess the Federal Reserve's outlook and Middle East risks. The metal fell nearly 4% to a low of $4,110, its lowest since August 5, driven by rising US Treasury yields and heightened inflation concerns due to the US-Iran standoff around the Strait of Hormuz. The 10-year US Treasury yield sits near 5.24%, down slightly from Monday's peak of 5.27%. Iranian Foreign Minister Abbas Araghchi reported indirect talks with the US through Qatari mediators, but both sides remain far apart on key issues. The CME FedWatch Tool indicates a 72% chance of another rate hike in October, as the Fed remains hawkish. A stronger US Dollar makes Gold more expensive for non-dollar buyers. The daily chart shows XAU/USD bearish near the Bollinger Bands and with momentum indicators hinting at persistent selling pressure. Resistance lies at $4,157, $4,325, and $4,494, while support is at $4,100 and $4,000. Inflation influences Gold's value, with higher rates making it less attractive. The macro analyst covers forex and commodities markets, focusing on economic indicators and central bank decisions.",
  "summary": "Gold (XAU/USD) steadies on Tuesday after suffering a sharp sell-off at the start of the week. The move appears to be a corrective bounce, as the broader narrative remains tied to expectations of further Federal Reserve (Fed) interest rate hikes.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "Gold edges up from 7-week low; all eyes on Middle East, US economic data",
        "url": "https://urgent.news/2026/09/29/gold-edges-up-from-7-week-low-all-eyes-on-middle-east-us-economic-data",
        "published": "2026-09-29T07:54:00.000Z"
      },
      {
        "outlet": "Hindustan Times - World News",
        "title": "Iran's currency hits new record low as Middle East war erodes Tehran's economic stability",
        "url": "https://urgent.news/2026/09/29/irans-currency-hits-new-record-low-as-middle-east-war-erodes-tehrans",
        "published": "2026-09-29T11:00:55.000Z"
      }
    ]
  },
  "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."
}