Gold prices hit a four-week low on Wednesday amid hawkish Federal Reserve expectations and escalating Middle East tensions.
Spot gold dipped half a percent to $4,309.07 an ounce while U.S. gold futures were down 0.9 percent at $4,356.79 an ounce.
Inflation worries returned to the fore as oil prices surged following fresh strikes between the U.S. and Iran.
Brent crude futures rose toward $95 a barrel as escalating fighting between the U.S. and Iran heightened concerns over further disruptions to energy flows through the Strait of Hormuz.
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Market Analysis
Gold Hovers Near Four-week Low On Inflation, Rate-hike Fears
2026-09-02 09:50:02
