Gold slips as oil gains and Treasury yields pressure prices
Gold declined on Tuesday as rising crude oil prices and benchmark Treasury yields near 5% reinforced expectations of elevated interest rates ahead of the Fed's decision.
Gold Market
Gold declined on Tuesday as rising crude oil prices and benchmark Treasury yields near 5% reinforced expectations of elevated interest rates ahead of the Fed's decision.
Gold and silver declined on September 14, 2026, as oil prices jumped 4% on Middle East supply concerns and investors weighed the prospect of a US Federal Reserve rate hike.
Gold fell 0.85% on Monday, hitting a one-month low of $4,253, as the 10-year US Treasury yield climbed above 5% for the first time since 2023 and the US Dollar strengthened. Markets await the Federal Reserve's policy decision on Wednesday.
Gold edged lower on Monday as rising oil prices fuelled inflation worries. Traders now price in an 86% probability of a US rate hike, a headwind for the non-yielding metal.
Gold fell on Tuesday as rising oil prices and geopolitical tensions took centre stage, with traders turning their attention to upcoming US inflation reports.
Australian shares traded in a narrow range on Monday as strength in energy stocks from rising oil prices countered a 1% drop in gold miners, leaving the S&P/ASX 200 flat.
Gold fell to a two-week low below $4,300/oz as higher oil prices revived US inflation concerns and reduced expectations of near-term Fed easing. ING strategists note profit-taking but see medium-term support from rate expectations, central bank buying and geopolitical uncertainty.
Gold (XAU/USD) dropped more than 2.3% on Tuesday as escalating US-Iran strikes pushed oil above $90 and the 10-year Treasury yield to 4.792%, swamping mixed US data.
Gold pulled back sharply from a 15-week high of $4,697 on Tuesday, weighed by a stronger US dollar and rising oil prices amid geopolitical tensions. However, technical indicators and robust physical demand suggest the bullish trend may persist.