Gold retreats as Fed hike bets dominate morning trade
Spot gold fell 0.68% to $4,318.98, with CNBC and Investing.com linking the move to inflation, oil and rate-hike bets.
Spot gold was down $29.61, or 0.68%, at $4,318.98 per troy ounce in the morning edition, after trading between $4,318.34 and $4,354.92 against a previous close of $4,348.59. CNBC and Investing.com said gold slipped as hotter US inflation and an oil rally lifted rate-hike bets ahead of the Federal Reserve meeting. Silver was weaker at $63.58, down 1.40%, leaving the gold/silver ratio at 67.9.
Continued from the weekend edition of 12 September 2026. Prices below are frozen at publication — the live gold price has the current figure, and this guide covers what tends to move it.
Overnight move
The XAUTicker feed showed gold near the bottom of its session range in early coverage, with the metal down from the previous close. Moneyweb described gold as steady as hot US inflation bolstered the chance of a rate hike, while وكالة سبأ said gold prices retreated. CNBC and Investing.com both said gold slipped as inflation and oil-related price pressure fanned rate-hike bets ahead of the Fed meeting. The Standard (HK) said prices dipped as oil-driven inflation concerns weighed.
- Gold steady as hot US inflation bolsters chance of rate hike Moneyweb
- Gold Prices retreat وكالة سبأ
- Gold slips as oil rally fans rate hike bets ahead of Fed meeting CNBC
- Gold prices dip as oil-driven inflation concerns weigh The Standard (HK)
- Gold slips as hotter US inflation lifts Fed hike bets, oil stokes price pressures Investing.com
Fed focus hardens
The session-ahead theme was the Federal Reserve. Reuters reported that Goldman Sachs and JP Morgan expect a September Fed hike as inflation lingers, and Firstpost said Goldman Sachs and JPMorgan turned hawkish and expect a hike this week. Devdiscourse said Wall Street banks urged a Fed rate hike amid inflation alarm, while thedailyupside.com said Wall Street was betting on a hike from a Fed hemmed in by persistent inflation. CBS19 said persistent inflation put the focus on the Fed ahead of a Wednesday meeting. Business Standard and UPI reported that Trump called for lower US interest rates.
- Goldman Sachs, JPMorgan turn hawkish, expect Fed rate hike this week Firstpost
- Wall Street Banks Urge Fed Rate Hike Amid Inflation Alarm Devdiscourse
- Persistent inflation puts focus on Federal Reserve ahead of Wednesday meeting cbs19.tv
- Wall Street Bets on Rate Hike From a Fed Hemmed In by Persistent Inflation thedailyupside.com
- Goldman Sachs, JP Morgan expect September Fed hike as inflation lingers Reuters
- Trump says US should have world's lowest interest rates ahead of Fed meet Business Standard
Silver and tactical headlines
Silver underperformed gold on the live feed, falling 1.40% to $63.58 while gold was down 0.68%. FXEmpire said Fed hike odds surged ahead of the rate decision in gold and silver, and another FXEmpire headline said Fed hike risk threatened support. FXStreet said the Fed’s rate decision would drive XAU/USD’s next move. Khaleej Times reported Dubai gold prices eased as an oil rally fanned US rate-hike bets, while Zee Business focused on key levels before MCX evening trade rather than a settled outcome.
- Gold (XAU/USD) & Silver Price Forecast: Fed Hike Odds Surge Ahead of Rate Decision FXEmpire
- Dubai gold prices ease as oil rally fans US rate hike bets Khaleej Times
- Gold, Silver Price Outlook: Key levels to watch before MCX evening trade; should you buy on dips? Zee Business
- Gold and Silver Price Forecast: Fed Hike Risk Threatens Support FXEmpire
- Gold Price Forecast: Fed’s rate decision to drive XAU/USD’s next move fxstreet.com
Longer-horizon demand notes
Not every headline was about immediate rate pressure. Livemint said Standard Chartered’s Gill thinks gold may be about to go on another rally; that is a reported view, not a session result. finance.biggo.com said Amundi and the Bank of Korea joined a gold-buying spree and that global asset managers boosted gold ETF exposure. Chosunbiz similarly reported that global managers and South Korea boosted gold ETF bets amid geopolitics. Those headlines sat alongside the morning’s rate-related coverage.
What to watch
- Federal Reserve rate-decision headlines from Reuters, Firstpost, FXEmpire and FXStreet.
- Oil-linked inflation pressure flagged by CNBC, Khaleej Times, The Standard (HK) and Investing.com.
- Whether spot gold stays within the live-feed range of $4,318.34 to $4,354.92.
- Silver’s 1.40% drop versus gold’s 0.68% fall, and the 67.9 ratio.