{
  "id": 4577547,
  "title": "Gold hits near two-week low on Fed chief's hawkish stance",
  "url": "https://urgent.news/2026/08/31/gold-hits-near-two-week-low-on-fed-chiefs-hawkish-stance",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T05:03:32.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/08/1522677/gold-hits-near-two-week-low-fed-chiefs-hawkish-stance"
  },
  "original_language": "en",
  "account": "Gold prices dropped to their lowest in nearly two weeks on Monday after US Federal Reserve Chair Kevin Warsh hinted that interest rate hikes might be necessary to curb price pressures. The slide in gold prices continued on Friday, with spot gold falling 0.8% to US$4,417.04 per ounce, the weakest level since August 19. This decline was even steeper, falling more than three percent, according to the source. US gold futures also fell by 1.4%, reaching US$4,466.80. Analyst Tim Waterer from KCM Trade suggested that the hawkish stance of Warsh during the Jackson Hole economic symposium had exacerbated gold's struggles in the context of inflation. While gold is often seen as a hedge against inflation, it typically loses appeal in a rising interest rate environment, as it does not yield interest. The Federal Reserve is expected to face challenges in convincing policymakers that inflation will decrease to the desired two percent, according to Warsh's comments from the symposium. Currently, markets estimate a 60 percent chance of a Federal Reserve rate hike in September, based on the CME FedWatch tool. Tensions in the Middle East, particularly after US strikes on Iran, have added to inflation concerns and negatively impacted gold prices. Spot silver, platinum, and palladium also experienced declines, with silver falling 0.4% to US$66.10, platinum dropping 1.3% to US$1,797.03, and palladium slipping 2.5% to US$1,386.96.",
  "summary": "LONDON: Gold fell on Monday to its lowest in nearly two weeks after US Federal Reserve Chair Kevin Warsh signalled that interest rate hikes may be needed to ease price pressures, while escalating Middle East tensions fuelled inflation fears.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "(URGENT) Seoul shares open 2.58 pct lower on Fed chief's hawkish comments",
        "url": "https://urgent.news/2026/08/31/urgent-seoul-shares-open-2-58-pct-lower-on-fed-chiefs-hawkish-comments",
        "published": "2026-08-31T00:01:42.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Seoul shares open sharply lower on Fed chief's hawkish comments",
        "url": "https://urgent.news/2026/08/31/seoul-shares-open-sharply-lower-on-fed-chiefs-hawkish-comments",
        "published": "2026-08-31T00:27:02.000Z"
      },
      {
        "outlet": "The Mainichi",
        "title": "Dollar trades in 160 yen zone in Tokyo after Fed chief's hawkish speech",
        "url": "https://urgent.news/2026/08/31/dollar-trades-in-160-yen-zone-in-tokyo-after-fed-chiefs-hawkish-speech",
        "published": "2026-08-31T01:00:03.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "Gold drifts lower below $4,450 as hawkish Warsh remarks lift Fed hike bets",
        "url": "https://urgent.news/2026/08/31/gold-drifts-lower-below-4-450-as-hawkish-warsh-remarks-lift-fed-hike",
        "published": "2026-08-31T01:45:46.000Z"
      },
      {
        "outlet": "Hindu BusinessLine",
        "title": "Gold today: Prices drop to near two-week low on Fed chief's hawkish stance",
        "url": "https://urgent.news/2026/08/31/gold-today-prices-drop-to-near-two-week-low-on-fed-chiefs-hawkish",
        "published": "2026-08-31T04:07:11.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Gold hits near two-week low on Fed chief's hawkish stance",
        "url": "https://urgent.news/2026/08/31/gold-hits-near-two-week-low-on-fed-chiefs-hawkish-stance-4585840",
        "published": "2026-08-31T05:43:10.000Z"
      }
    ]
  },
  "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."
}