Gold fell to a one-week low as rising oil prices increased inflation concerns and pushed expectations toward additional U.S. interest-rate hikes. Spot gold declined 0.5% to $4,265.50 an ounce, while December futures settled 0.5% lower at $4,298. The Federal Reserve had raised rates for the first time in three years and signaled more increases, while the dollar reached a two-month high and 10-year Treasury yields stayed near a two-decade peak. Higher rates raise the opportunity cost of holding non-yielding bullion.
Source: https://www.reuters.com/world/india/gold-muted-fed-policy-tightening-prospects-weigh-2026-09-24/
