World · 11 September 2026

Gold prices heading for third weekly loss on US interest rate hike bets

PHGCOM via Wikimedia Commons (CC BY-SA 4.0)

Gold prices are facing their third straight weekly fall despite a small rise on Friday, as markets expect a US interest rate hike. Traders increased bets for a Federal Reserve rate increase after US producer price data showed a 0.4% rise in August. Rising interest rates typically pressure gold, which offers no yield, according to one strategist.

By BriefTea Editorial · 11 September 2026 at 7:14

Reported by Reuters · How we write briefs

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