Gold consolidates near $4400 after Friday's 3.2% drop on Fed hawkishness
Gold is consolidating near $4400 on Monday, a day after suffering its largest single-day loss in more than two months following hawkish remarks from Fed Chair Warsh.
Gold Market
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Gold slips as Middle East tensions lift oil and rate-hike bets
Gold dropped 0.5% on Monday as rising oil prices from Middle East tensions stoked inflation fears and bets on a September Federal Reserve rate hike, though Treasury buybacks offered some support.
Gold edges lower as Warsh comments fuel rate-hike speculation
Gold declined about 0.4% on Monday after Fed Chair Kevin Warsh signalled further tightening. A rise in oil prices and US Treasury yields added pressure, though the metal remains up over 9% for August.
Gold slides to near two-week low on Fed rate hike expectations
Spot gold fell 0.7% to $44,423.84 per ounce, hitting its lowest in nearly two weeks after Federal Reserve Chair Kevin Warsh indicated that interest rate hikes may be needed to curb inflation.
Gold ends five-week winning streak as Fed tightening comments weigh
Gold snapped a five-week winning streak, falling 3.4% as Fed comments on inflation and possible tightening spooked markets. Despite the drop, gold remains up 30% year-over-year.
Gold market awaits US jobs data and geopolitical cues in September
September is set to bring fresh volatility for gold, with US jobs reports and geopolitical tensions taking centre stage after a notable price decline.
Gold’s August surge defies overbought fears as rally continues
Gold has rallied over 13% in August 2026, one of its best months since the gold standard ended. Despite the blistering pace, the metal remains far from overbought, with seasonal and technical factors still in play.
S&P 500 doubled in dollars but fell 21% in gold terms, says Jefferies
Jefferies' Christopher Wood highlights a sharp divergence: the S&P 500 has doubled in dollar terms since early 2023 but fallen 21% relative to gold. He warns bond yield suppression could weaken the dollar.
Gold holds steady as Jackson Hole speech by Fed’s Warsh approaches
Gold traded little changed near $4,604 an ounce on Friday as investors looked ahead to Federal Reserve Chair Kevin Warsh’s speech at the Jackson Hole symposium for clues on interest rate policy.