{
  "id": 834692,
  "title": "Gold extends pullback from two-month high as Iran risks counter receding Fed hike bets",
  "url": "https://urgent.news/2026/08/14/gold-extends-pullback-from-two-month-high-as-iran-risks-counter",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-14T03:41:34.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/gold-extends-pullback-from-two-month-high-as-iran-risks-counter-receding-fed-hike-bets-202608140341"
  },
  "original_language": "en",
  "account": "Gold prices are currently undergoing a decline following a two-month high, with the commodity falling to a weekly low near $4,300. Geopolitical tensions, particularly in the Middle East, have contributed to the pullback, as Iran threatens more punitive measures against the US if military action becomes necessary. The US Federal Reserve's potential rate hikes have also weighed on the gold market, as investors seek safer assets amid uncertainty. Iran has vowed to keep the Strait of Hormuz closed until its demands are met, while Iran-backed Houthis in Yemen continue their attacks in the Red Sea and Bab el-Mandeb Strait, heightening regional risks. Meanwhile, US inflation data shows a slowdown, which may prevent the Federal Reserve from raising interest rates promptly. Despite the pullback, gold remains supported by technical levels, including above the 200-period Exponential Moving Average and multiple Fibonacci support levels. However, the broader uptrend remains under pressure, as momentum indicators suggest fading upside potential.",
  "summary": "Gold (XAU/USD) is seen extending the previous day's pullback from the vicinity of the $4,450 level, or the highest since June 5, and drifting lower for the second straight day on Friday.",
  "key_points": [
    "Gold prices decline to weekly low near $4,300",
    "Iran threatens further sanctions on US if military action occurs",
    "US inflation data shows slowdown, delaying Fed rate hikes"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "China yuan nears 3-1/2-year high as Fed rate hike bets fade",
        "url": "https://urgent.news/2026/08/14/china-yuan-nears-3-1-2-year-high-as-fed-rate-hike-bets-fade",
        "published": "2026-08-14T04:08:18.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "Forex Today: Easing Fed rate hike bets weigh on USD amid Mideast stalemate",
        "url": "https://urgent.news/2026/08/14/forex-today-easing-fed-rate-hike-bets-weigh-on-usd-amid-mideast",
        "published": "2026-08-14T06:33:29.000Z"
      }
    ]
  },
  "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."
}