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Gold Holds Decline as Mideast Flare-Up Raises Fed Rate-Hike Bets

Bloomberg Markets Monday 31 August 2026, 23:55 UTC By Yihui Xie 1 min read
Key Points

Gold steadied after a two-day drop as the US and Iran exchanged strikes for the first time in a month, raising the odds of rising energy costs pushing up inflation and pressuring the Federal Reserve to lift interest rates.

Gold steadied after a two-day drop as the US and Iran exchanged strikes for the first time in a month, raising the odds of rising energy costs pushing up inflation and pressuring the Federal Reserve to lift interest rates.
Gold Holds Decline (ORG) US (LOCATION) Iran (LOCATION) the Federal Reserve (ORG)
Originally published by Bloomberg Markets Read original →

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