{
  "id": 7309898,
  "title": "Gold starts the week lower as traders await Fed verdict",
  "url": "https://urgent.news/2026/09/14/gold-starts-the-week-lower-as-traders-await-fed-verdict",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-14T11:30:18.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/gold-starts-the-week-lower-as-traders-await-fed-verdict-202609141130"
  },
  "original_language": "en",
  "account": "Gold prices began the week on a downward trend as traders speculated on the Federal Reserve's (Fed) meeting outcomes. The XAU/USD currency pair was trading near $4,295, a 1.23% decline from its previous session, with the lowest point at $4,278, the lowest since mid-August. Friday's US Consumer Price Index (CPI) report reinforced the case for a quarter-point rate increase, with headline CPI rising 0.4% month-over-month in August and core CPI increasing 0.3%. The CME FedWatch Tool indicates an 86% probability of a rate hike, up from 59.4% a week ago. Rising oil prices, driven by geopolitical tensions in the Middle East, further support hawkish Fed expectations. The Iran-aligned Houthis captured strategic islands near the Bab el-Mandeb shipping route, while Saudi Arabia shut down its East-West pipeline following a drone attack. Meanwhile, Iran and Gulf Arab states postponed a meeting aimed at discussing a temporary shipping framework for the Strait of Hormuz. Expectations of higher US borrowing costs, coupled with elevated geopolitical tensions, bolster the US Dollar (USD), while US Treasury yields remain high. The USD Index (DXY) rose 0.50% on the day, nearing its highest level since September 3, with the 10-year US Treasury yield nearing a three-year high of 4.95%. The stronger USD and elevated yields weigh on Gold, as its traditional safe-haven role is being challenged by interest rate expectations. Gold's price action is currently restrained by the 100-day Simple Moving Average ($4,331) and the 61.8% Fibonacci retracement ($4,292). A Fed rate hike and hawkish guidance could further weaken Gold, while a surprise hold could support the precious metal.",
  "summary": "Gold (XAU/USD) kicks off the week on a bearish note as Federal Reserve (Fed) interest rate hike expectations dominate market sentiment ahead of the two-day monetary policy meeting starting on Tuesday.",
  "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."
}