Gold Holds Ground After 3% Drop on Warsh's Hawkish Stance

Gold today: Prices drop to near two-week low on Fed chief's hawkish stance

Gold prices hit a near two-week low amid Fed Chair's hawkish comments on potential interest rate hikes to combat inflation.

XAU/USD battles key support amid renewed Iran and Fed hike risks

Gold is extending Friday’s correction into early Monday, testing the lowest level in eight days near $4,400. Gold cracks on hawkish Fed, Iran risks Gold fades a temporary recovery seen in the last hours, as bears remain in control heading into the US Nonfarm Payrolls (NFP) week, despite a broad US Dollar (USD) pullback from two-week highs. The Greenback is pulling back on profit-taking after a steep rally on Friday. However, a deeper retracement…

Gold holds ground after 3% drop on Warsh's hawkish stance

On Monday, gold prices held steady following a noteworthy decline. Federal Reserve Chair Kevin Warsh suggested that interest rate hikes could be on the horizon, leading markets to predict an increased chance of a September rate rise. Labor market reports set to be released this week will offer additional economic clarity. Other precious metals also experienced slight fluctuations.

Gold steadies after sharp selloff as Warsh revives Fed hike bets

Oil prices climb after U.S. strikes Iranian launchers on Larak Island Investing.com -- Gold prices edged higher on Monday after tumbling over 3% in the previous session, as investors reassessed the Federal Reserve’s rate outlook following Chair Kevin Warsh’s hawkish inflation message. Rising oil…