{
  "id": 9501217,
  "title": "Gold muted on US Fed policy tightening bets, decline in oil",
  "url": "https://urgent.news/2026/09/24/gold-muted-on-us-fed-policy-tightening-bets-decline-in-oil",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T06:01:20.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/gold/gold-muted-on-us-fed-policy-tightening-bets-decline-in-oil/article71502941.ece"
  },
  "original_language": "en",
  "account": "On Thursday, gold prices remained relatively stable, hovering around $4,291.48 per ounce, while US gold futures for December delivery increased by 0.2% to $4,326.30. The subdued movement in gold prices was attributed to market expectations of further Federal Reserve policy tightening, which negatively impacts the non-yielding metal, combined with a decline in oil prices that helped restrict losses.\n\nThe Federal Reserve's decision to potentially raise interest rates, ahead of significant national elections, has led traders to invest in bets for two consecutive rate hikes in late October. This sentiment, according to Ross Maxwell, chief strategy officer at VT Markets, could exert downward pressure on gold prices.\n\nAdditionally, oil prices dipped as Iran indicated its willingness to engage in diplomatic discussions to resolve the ongoing conflict with the United States. However, the two nations are still far apart on finding a solution to the issue. Despite the decline in oil prices, the US economy demonstrated robust growth, with business activity reaching a five-year high in September. This growth, coupled with rising demand and strained supply chains, resulted in higher prices.\n\nEconomists anticipate that precious metals will remain volatile in the near term, possibly trading near an average of $4,200 per ounce for a few quarters. Silver prices tumbled by 0.4% to $64.23 per ounce, while platinum rose by 0.3% to $1,755.69 and palladium increased by 0.7% to $1,269.46.",
  "summary": "Spot gold was little changed at $4,291.48 per ounce, by 0512 GMT. US gold futures for December delivery rose 0.2% to $4,326.30.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "New Straits Times",
        "title": "Gold muted as Fed policy tightening prospects weigh",
        "url": "https://urgent.news/2026/09/24/gold-muted-as-fed-policy-tightening-prospects-weigh",
        "published": "2026-09-24T02:50:51.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Gold muted as Fed policy tightening prospects weigh",
        "url": "https://urgent.news/2026/09/24/gold-muted-as-fed-policy-tightening-prospects-weigh-9473406",
        "published": "2026-09-24T02:53:00.000Z"
      }
    ]
  },
  "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."
}