{
  "id": 7434196,
  "title": "Gold holds losses as higher oil stokes September rate hike bets",
  "url": "https://urgent.news/2026/09/15/gold-holds-losses-as-higher-oil-stokes-september-rate-hike-bets",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-15T00:35:48.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-holds-losses-higher-oil-stokes-september-rate-hike-bets"
  },
  "original_language": "en",
  "account": "Gold maintained its downward trend as escalating disruptions to oil supplies from the Middle East heightened the likelihood of the US Federal Reserve raising interest rates in the near future. The precious metal was trading near US$4,290 per ounce after declining over 1 percent in the previous session, dipping to a five-week low. The anticipation of higher energy costs driving inflation has intensified pressure on the Fed to mark its first rate increase in three years, with traders assigning a 92 percent probability of this occurring during an upcoming meeting. Higher borrowing costs generally exert downward pressure on gold, which does not generate interest income. Oil prices surged following Saudi Arabia's closure of its East-West pipeline due to attacks last week, jeopardizing millions of barrels of daily crude transported through it to circumvent the instability in the Strait of Hormuz. This comes at a time when markets are seeking to bolster supply. The 10-year Treasury yield climbed to 5 percent for the first time in nearly three years on Monday, prompted by growing concerns over inflation and escalating government and corporate borrowing demands, adding to the downside for non-yielding assets like gold. The precious metal has slipped more than 3 percent in September, having traded above US$4,600 an ounce in late August, as traders continuously refine their expectations for Fed policy. Despite near-term challenges, many investors still foresee a gradual rise in gold's value as it reasserts its role as a traditional portfolio hedge. Spot gold slipped 0.3 percent to US$4,288.18 an ounce at 7:48 am Singapore time. Silver declined 0.2 percent to US$63.11 an ounce, following a 2 percent drop the prior day. Platinum and palladium also showed a minor downturn. The Bloomberg Dollar Spot Index, a benchmark for the US dollar, stood steady after climbing 0.4 percent the previous session.",
  "summary": "Prospects of higher energy prices stoking inflation are piling pressure on the Fed to raise rates",
  "key_points": [
    "Gold declines over 1 percent amid Middle East oil supply disruptions",
    "92% probability of US Federal Reserve raising rates in upcoming meeting",
    "10-year Treasury yield hits 5% for first time in nearly three years"
  ],
  "editors_take": "Heightened oil supply disruptions and resulting inflation concerns solidify expectations for a US Federal Reserve rate hike, further pressuring gold, a non-yielding asset, to maintain its downward trend.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Bloomberg",
        "title": "Gold Holds Losses as Higher Oil Stokes September Rate-Hike Bets",
        "url": "https://urgent.news/2026/09/14/gold-holds-losses-as-higher-oil-stokes-september-rate-hike-bets",
        "published": "2026-09-14T23:49:50.000Z"
      }
    ]
  },
  "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."
}