{
  "id": 9487999,
  "title": "Gold struggles below $4,300, one-week low as Fed hike bets and Iran risks underpin USD",
  "url": "https://urgent.news/2026/09/24/gold-struggles-below-4-300-one-week-low-as-fed-hike-bets-and-iran",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T03:51:01.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/gold-struggles-below-4-300-one-week-low-as-fed-hike-bets-and-iran-risks-underpin-usd-202609240351"
  },
  "original_language": "en",
  "account": "Gold prices dipped to a one-week low of $4,300 on Thursday, amid concern over a potential meeting between US President Donald Trump and Chinese President Xi Jinping. Traders await any progress on China-US trade relations, particularly regarding technology restrictions and rare earths. Although a positive outcome could add some volatility to gold, rising expectations of a Federal Reserve (Fed) rate hike, currently at a 70% probability, continues to weigh on the precious metal. The US economy expanded for a fourth consecutive month in September, as indicated by a private survey, with the S&P Global flash Composite PMI Output Index reaching a level not seen since July 2021. Meanwhile, tensions between the US and Iran dominated discussions at the United Nations General Assembly, with Iran's President Masoud Pezeshkian insisting that any deal must include an end to the US blockade of Iranian ports and maritime shipping in the Strait of Hormuz. This stance has led to a 3% rise in crude oil prices, fueling inflation concerns and reinforcing the likelihood of further Fed tightening. The yield on the 10-year US Treasury bond hit a seven-year high, and the US Dollar surged to a two-month high. However, the price of gold remains under pressure, trading below the 100-day Exponential Moving Average and the 50% retracement level. A break below the $4,235 area could signal further downside, while the 61.8% Fibonacci retracement at $4,227 offers nearby support. On the upside, a successful break above the 50% retracement and 100-day EMA would suggest a weakening bearish bias and pave the way for higher targets.",
  "summary": "Gold (XAU/USD) touches a one-week low during the Asian session on Thursday, though it lacks follow-through as traders await a crucial meeting between US President Donald Trump and his Chinese counterpart Xi Jinping.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Gold falls below $4,300 on Fed hawkish signals",
        "url": "https://urgent.news/2026/09/23/gold-falls-below-4-300-on-fed-hawkish-signals",
        "published": "2026-09-23T23:21:32.000Z"
      }
    ]
  },
  "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."
}