{"id":6005,"date":"2026-09-28T22:08:28","date_gmt":"2026-09-28T22:08:28","guid":{"rendered":"https:\/\/sotnews.agency\/?p=6005"},"modified":"2026-09-28T22:08:28","modified_gmt":"2026-09-28T22:08:28","slug":"gold-falls-amid-rising-oil-prices-and-higher-us-dollar-business-and-economy-news","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=6005","title":{"rendered":"Gold falls amid rising oil prices and higher US dollar | Business and Economy News"},"content":{"rendered":"
\n
\n \t<\/i> Read Time:<\/span>1 Minute, 51 Second <\/div>\n\n <\/div>


\n<\/p>\n

\n

Gold hits seven-week low; silver follows suit and records a nearly 5 percent loss.<\/em><\/p>\n<\/div>\n

\n
\n
<\/p>\n
\"\"<\/div>\n

<\/a><\/div>\n<\/div>\n

\n

Published On 28 Sep 2026<\/span>28 Sep 2026<\/span><\/p>\n<\/div>\n<\/div>\n

\n

Gold prices are falling as concerns of rising fuel prices stoke inflation worries on the back of the war between the United States and Iran.<\/p>\n

Spot gold prices fell by 3.3 percent to reach a more than seven-week low at $4,146.51 per ounce on Monday.<\/p>\n

\n

Recommended Stories <\/h2>\n

list of 4 items<\/span>end of list<\/span><\/section>\n

Rising oil prices, a higher US dollar and Treasury yields stoked inflation concerns, creating further headwinds for the metal<\/a>.<\/p>\n

This is the lowest level for gold values since August 5. US gold futures also fell by 3.3 percent to $4,178.40.<\/p>\n

Although gold is traditionally considered an inflation hedge, higher interest rates dent \u2060its appeal as investors prefer yield-bearing assets.<\/p>\n

\u201cThere might be no notable direct impact on regular people due to that. However, investors who had turned to gold will see a hit, especially under the current high inflation rates,\u201d Sherif Othman, CEO of the Maryland-based Poise Investment Advisors, told Al Jazeera.<\/p>\n

\u201cGold does not yield interest, so when Treasury yields go up, investors turn away from gold, impacting its value\u201d, he added.<\/p>\n

The Fed lifted benchmark rates<\/a> by a quarter \u2060percentage point earlier this month and flagged that at least one more hike is likely in the coming months.<\/p>\n

The US dollar was steady near a two-month high, and oil prices spiked about 3 percent as US President Donald Trump rejected an Iranian offer \u2060to resolve the conflict and reopen the Strait of Hormuz.<\/p>\n

Such factors triggered several policymakers to warn that inflation risks remain elevated and that interest rates may need to rise, with Cleveland Fed President Beth Hammack among the latest officials to reiterate that view.<\/p>\n

Higher Treasury yields and the US dollar are \u201ccreating a perfect storm to push the metals prices sharply lower,\u201d according to Jim Wyckoff, a market analyst at American Gold Exchange.<\/p>\n

Spot silver also fell by 4.7 percent to $61.27 per ounce, platinum declined 2.9 percent to $1,726.30 and palladium lost 4.4 percent to $1,211.45.<\/p>\n<\/div>\n


\n
Source link <\/a><\/p>\n

\n
\n \n
\n \n \"Happy\"\n <\/a>\n
\n Happy <\/div>\n
\n 0<\/span>\n \n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Sad\"\n <\/a>\n
\n Sad <\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Excited\"\n <\/a>\n
\n Excited <\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Sleepy\"\n <\/a>\n
\n Sleepy <\/div>\n
\n 0<\/span>\n \n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Angry\"\n <\/a>\n
Angry<\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n \n <\/div>\n <\/div>\n\n
\n \n \"Surprise\"\n <\/a>\n
Surprise<\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n <\/div>\n <\/div>\n\n ","protected":false},"excerpt":{"rendered":"

Gold hits seven-week low; silver follows suit and records a nearly 5 percent loss. Published On 28 Sep 202628 Sep 2026 Gold prices are falling as concerns of rising fuel prices stoke inflation worries on the back of the war between the United States and Iran. Spot gold prices fell by 3.3 percent to reach…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_templately_pack_id":"","_templately_imported_at":"","_templately_source":"","_templately_import_session_id":"","footnotes":""},"categories":[11],"tags":[],"class_list":["post-6005","post","type-post","status-publish","format-standard","category-international-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t