{
  "id": 1652775,
  "title": "Gold slips on firmer US Treasury yields and oil prices; traders await US Fed minutes",
  "url": "https://urgent.news/2026/08/17/gold-slips-on-firmer-us-treasury-yields-and-oil-prices-traders-await",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T23:59:56.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-slips-firmer-us-treasury-yields-and-oil-prices-traders-await-us-fed-minutes"
  },
  "original_language": "en",
  "account": "Gold prices fell on Tuesday (Aug 18) following higher US Treasury yields and a surge in oil prices, as traders awaited minutes from the US Federal Reserve's July policy meeting. The benchmark 10-year US Treasury note yields gained, raising the opportunity cost of holding non-yielding gold. Oil prices were up after Iran announced a shift to an \"offensive\" military stance following a breakdown in talks to end the war with the US. This uncertainty in the Middle East is likely to keep gold under pressure, according to ANZ analyst Soni Kumari. Traders' expectations for US Fed policy rates, focusing on technical levels, are key for gold, as higher interest rates typically diminish bullion's appeal. While gold is often seen as a hedge against inflation, rising interest rates can lessen its attractiveness. Market pricing for a September quarter-point hike by the Fed shifted to a nearly 65 per cent chance of a \"hold\" after unexpected US job losses in July, lower-than-expected consumer price inflation, and weaker retail sales. Investors are eagerly awaiting the minutes from the most recent Fed policy meeting, scheduled for Wednesday. Spot gold approached a support level at US$4,381, with a break below potentially opening the way toward the US$4,320 to US$4,351 range. Silver, platinum, and palladium also experienced declines, while the article highlighted other stories from around Asia.",
  "summary": "Elevated energy prices tend to raise inflationary fears and bolster expectations of higher interest rates by the US Fed",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}