Gold slips as Fed-rate headlines set the tone
XAUTicker showed spot gold at $4,439.98, down 0.33%, as Business Recorder and BusinessLine tied the sell-off to hawkish Fed headlines.
In the morning snapshot, XAUTicker showed spot gold at $4,439.98 per troy ounce, down $14.54, or 0.33%, from a previous close of $4,454.52. The session range was $4,401.09 to $4,470.84, keeping the market near lows described by Business Recorder, BusinessLine and Big News Network.com as near two-week lows. Spot silver was $66.75, up 0.60%, and the gold/silver ratio was 66.5. For the session ahead, FXLeaders flagged NFP this week, while NDTV Profit cited US jobs data and Iran tensions.
Continued from the weekend edition of 29 August 2026. Prices below are frozen at publication — the live gold price has the current figure, and this guide covers what tends to move it.
Rates dominate the morning narrative
Business Recorder and BusinessLine both tied the move to a hawkish stance from the Fed chief, while finance.biggo.com said that stance fuelled rate-hike bets. Investing.com reported that gold steadied after a sharp selloff as Warsh revived Fed hike bets, and The Business Times said gold held ground after a 3% drop on Warsh's hawkish stance. businessnewsthisweek.com framed the session as rate-hike fears overshadowing safe-haven demand. FXLeaders also linked the pullback to a jump in September Fed hike bets and noted NFP this week.
- Gold, Silver Prices Slide as Rate Hike Fears Overshadow Safe-Haven Demand businessnewsthisweek.com
- Gold hits near two-week low on Fed chief's hawkish stance Business Recorder
- Gold today: Prices drop to near two-week low on Fed chief's hawkish stance BusinessLine
- Spot Gold Extends Decline to Two-Week Low as Fed Chair's Hawkish Stance Fuels Rate Hike Bets finance.biggo.com
- Gold steadies after sharp selloff as Warsh revives Fed hike bets Investing.com
- Gold holds ground after 3% drop on Warsh's hawkish stance The Business Times
Selling pressure spreads
Outlook Money said gold and silver fell on MCX, and Livemint reported that gold and silver prices crashed up to 2% on MCX. TradingView said gold and silver ETFs tumbled up to 4% as US Fed rate-hike bets surged, naming Gold BeES and Silver BeES among top losers. In equities, 富途牛牛 linked broad declines in Hong Kong-listed gold stocks to a hawkish Federal Reserve stance and a drop in spot gold, while The Business Times linked CNMC Goldmine's fall to gold's tumble.
- Gold, Silver Fall On MCX: Key Factors Driving Today’s Precious Metal Sell-Off Outlook Money
- Gold and silver prices crash up to 2% on MCX- What is driving this selloff? Livemint
- Gold, silver ETFs tumble up to 4% as US Fed rate-hike bets surge; Gold BeES, Silver BeES among top losers TradingView
- The Federal Reserve adopted a hawkish stance, causing spot gold to briefly fall below $4,400, while Hong Kong-listed gold stocks declined broadly. 富途牛牛
- CNMC Goldmine down 7.4% after gold tumbles on US Fed inflation pledge The Business Times
Support and risk markers
FXEmpire said the Jackson Hole sell-off was testing key support, and FXStreet said XAU/USD was battling key support amid renewed Iran and Fed hike risks. NDTV Profit said analysts were watching US jobs data and Iran tensions for fresh swings, while The Hans India and MillenniumPost reported expectations for volatility in September. On the other side of the narrative, Moomoo cited a Goldman Sachs trading-desk view that gold's rally may slow but that the “currency depreciation trade” is not over, and CNBC TV18 said analysts still see room for a year-end rally.
- Gold and Silver Price Forecast: Jackson Hole Sell-Off Tests Key Support FXEmpire
- Gold Price Forecast: XAU/USD battles key support amid renewed Iran and Fed hike risks FXStreet
- Gold, Silver Brace For Fresh Swings Amid US Jobs Data, Iran Tensions: Analysts NDTV Profit
- Gold, silver face choppy Sept after sharp correction The Hans India
- Gold, silver brace for volatile September after sharp correction The Hans India
- Gold prices likely to face volatility in September, say analysts MillenniumPost
What to watch
- FXLeaders' NFP-this-week framing and NDTV Profit's US jobs-data focus.
- Fed-rate headlines, including Warsh-related coverage from Investing.com and The Business Times.
- Iran-risk references in FXStreet and NDTV Profit headlines.
- Whether ETF and MCX weakness cited by TradingView, Outlook Money and Livemint broadens.