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Gold Trades Near Seven-Week Low as Rate-Hike Pressure Mounts

Bloomberg Markets Tuesday 29 September 2026, 00:02 UTC By Yihui Xie 1 min read
Key Points

Gold held a sharp decline as the deadlock between the US and Iran over the Strait of Hormuz continued to keep energy costs elevated and maintained pressure on the Federal Reserve to hike interest rates.

Gold held a sharp decline as the deadlock between the US and Iran over the Strait of Hormuz continued to keep energy costs elevated and maintained pressure on the Federal Reserve to hike interest rates.
Gold Trades (ORG) US (LOCATION) Iran (LOCATION) the Strait of Hormuz (LOCATION) the Federal Reserve (ORG)
Originally published by Bloomberg Markets Read original →

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