{
  "id": 9322676,
  "title": "Gold falls as Fed rate hike bets lift US Dollar to two-month high",
  "url": "https://urgent.news/2026/09/23/gold-falls-as-fed-rate-hike-bets-lift-us-dollar-to-two-month-high",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T11:00:35.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/gold-falls-as-fed-rate-hike-bets-lift-us-dollar-to-two-month-high-202609231100"
  },
  "original_language": "en",
  "account": "Gold slipped on Wednesday as the Federal Reserve's anticipated interest rate hikes boosted the US Dollar and impacted the non-yielding metal. The XAU/USD pair traded at around $4,315, declining by 1.0% for the day. The US Dollar Index (DXY) reached a two-month high of 100.85 despite a fall in oil prices following positive developments in the Middle East. The Fed's rate hike to the 3.75%-4.0% range aims to curb inflation to its 2% target, with further increases likely this year. Richmond Fed President Thomas Barkin expressed a hawkish stance, stating that economic conditions are firming and warning that high inflation could affect future inflation. The CME FedWatch Tool estimates a 53% probability of an October rate hike. In the Middle East, US President Donald Trump reported a productive meeting with Iranian representatives in New York, discussing the Strait of Hormuz, asset release, and ending the war in \"resistance\" fronts. WTI Oil prices were near a two-week low of $89.50, still well above pre-war levels, and diplomacy efforts had yet to yield significant progress. This scenario kept inflation concerns alive, maintaining elevated US Treasury yields, with the 2-year yield around 4.77%, similar to levels seen in 2024. The combination of a strong US Dollar, rising yields, and expectations of higher borrowing costs placed Gold at risk for additional declines. Technical analysis showed XAU/USD under bearish pressure, trading under the Bollinger Bands' 20-period SMA at $4,350 and the upper band at $4,395. Support could be found at the lower band at $4,304, with $4,250 as a potential deeper support level in case of a breach.",
  "summary": "Gold (XAU/USD) trades on the back foot on Wednesday as expectations of further Federal Reserve (Fed) interest rate hikes lift the US Dollar (USD) and weigh on the non-yielding metal. At the time of writing, XAU/USD trades around $4,315, down 1.0% on the day.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "US Dollar: Staying strong as Fed expectations hold – ING",
        "url": "https://urgent.news/2026/09/23/us-dollar-staying-strong-as-fed-expectations-hold-ing",
        "published": "2026-09-23T09:26:16.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Indian rupee slips as dollar gets Fed hike expectations tailwind",
        "url": "https://urgent.news/2026/09/23/indian-rupee-slips-as-dollar-gets-fed-hike-expectations-tailwind",
        "published": "2026-09-23T10:37:34.000Z"
      }
    ]
  },
  "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."
}