Business
Gold falls as oil surge and inflation data harden Fed rate-hike bets
September 14, 2026 at 11:29 AM · Updated 32d ago
Coverage
4 reports · over 11 hours
Gold prices slipped on Monday, extending a third weekly loss, as higher oil prices and August US inflation data boosted expectations the Federal Reserve will raise interest rates this week.
- Spot gold fell about 0.5% to roughly $4,320 an ounce on Monday, after posting a third consecutive weekly loss on Friday.
- Traders priced an 86% probability of a Fed rate hike at the September 15–16 meeting, up from 67% before Friday's data showing US consumer prices accelerated in August.
- Oil prices rose more than 2% after new Houthi strikes on Saudi Arabia and Iranian attacks on Gulf ships, following the closure of a major Saudi oil pipeline.
- Silver fell 1.1% to $63.75 an ounce, platinum 0.8% to $1,782.50, and palladium 0.7% to $1,290.36.
- Nadi Naguib, former secretary general of the Gold Division, said prices in Egypt fell about 20 pounds per gram on Monday evening.



