Gold falls on firmer dollar, dimming US rate cut hopes - Reuters
Gold falls on firmer dollar, dimming US rate cut hopes Reuters
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"Gold is on the back foot today despite the market tumult, with triple-digit oil prices boosting the dollar on inflation fears and scaled back rate-cutting expectations."
— Tim Waterer , Executive
"Much of gold’s price rise over the last 12 months was predicated on a dovish outlook for US interest rates, but given the inflation risk presented by $100 per barrel oil, rate cuts are no longer a given and gold has repriced accordingly."
— Tim Waterer , Executive
Key People
Locations
Tags
All Coverage
<a href="https://news.google.com/rss/articles/CBMiqwFBVV95cUxQenhmYmhGQkNtcF9RZGRacDY4Ty1Vc0QtOC0tbWRUTV9PdDJNT3FlSkN3ZmNmNWZ1LUZLeTlZZGN1QkJvbkJqdEtCZkdJSmtLaGhxU0U3UjZER2xOREFuekNfMWFYS1lLcW41MTZ6NEZuakVaTXlwMTlmT2lHX1dqVG9ILVZuVTl4Q25jdTh4dndlSFFFNDRtZmJyYzZLTUxyRXBWZHBaQ0RUamc?oc=5" target="_blank">Gold falls on firmer dollar, dimming US rate cut hopes</a> <font color="#6f6f6f">Reuters</font>
Gold prices declined by 1.5% due to a stronger U.S. dollar and rising energy costs, which dampened expectations for near-term interest rate cuts.
Gold prices fell as a firmer U.S. dollar and higher oil prices renewed inflation concerns, reducing hopes for near-term interest rate cuts.
Gold prices fell over 1.5% to $5,090 as a surge in oil prices lifted the U.S. dollar, making gold more expensive for holders of other currencies.
Gold prices remained subdued as surging oil prices heightened inflationary risks, reducing the likelihood of Federal Reserve interest rate cuts.
Gold prices dipped as a stronger dollar and higher oil prices renewed inflation concerns, dampening expectations for imminent interest rate cuts.
Similar Stories
Related coverage based on topic and tags
Gold little changed with US inflation data in spotlight - Reuters
Gold little changed with US inflation data in spotlight Reuters
August 26, 2026 at 12:30 AMGold retreats from three-month high as investors await US inflation data - Reuters
Gold retreats from three-month high as investors await US inflation data Reuters
August 25, 2026 at 02:10 AMDollar falls as investors weigh US Treasury's rescue efforts - Reuters
Dollar falls as investors weigh US Treasury's rescue efforts Reuters
August 21, 2026 at 01:36 AMGold hits over 3-month high ahead of US inflation data, Fed chair speech - Reuters
Gold hits over 3-month high ahead of US inflation data, Fed chair speech Reuters
August 24, 2026 at 04:39 AMGold drifts higher, eyes on Fed Chair Warsh's comments - Reuters
Gold drifts higher, eyes on Fed Chair Warsh's comments Reuters
August 27, 2026 at 03:02 AMSterling dips, currency markets look to the U.S. for cues - Reuters
Sterling dips, currency markets look to the U.S. for cues Reuters
August 26, 2026 at 10:58 AM