{
  "id": 17185392,
  "title": "Gold approaches monthly low, seems vulnerable below $4,000 amid Fed rate hike bets",
  "url": "https://urgent.news/2026/10/30/gold-approaches-monthly-low-seems-vulnerable-below-4-000-amid-fed",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T04:46:40.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/gold-slides-below-4-000-as-fed-rate-hike-bets-offset-falling-bond-yields-and-weak-usd-202610300446"
  },
  "original_language": "en",
  "account": "Gold (XAU/USD) is currently under heavy selling pressure as it approaches its monthly low, trading below the $4,000 psychological level. This comes amid expectations of a Federal Reserve (Fed) rate hike in December, fueled by strong US economic growth and persistent inflation. Economic data released on Thursday showed resilient growth, with the third-quarter GDP growing at an annualized rate of 3.4%, and personal consumption expenditures rising by 3.6%. In response to these factors, investors are shifting into safe-haven assets, contributing to the downward pressure on gold. Technical analysis indicates that gold is likely to continue its downward trend, potentially breaking through a support level at $3,946, and may face resistance at the $4,025-$4,030 range. The path of least resistance for gold seems to be to the downside, with a monthly loss of around 3.5% expected.",
  "summary": "Gold (XAU/USD) remains under heavy selling pressure for the second straight day, trading below the $4,000 psychological mark heading into Friday’s European session amid hawkish US Federal Reserve (Fed) expectations.",
  "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."
}