GOLD PRICES FALL BELOW $4,300 ON POSSIBLE RATE HIKE CONCERNS

Mon 14 September 2026:

As increasing inflationary concerns raised the possibility of a rate hike by the Fed this week, gold prices dropped.

The price of gold per ounce was at $4,290 as of 1030GMT, down 1.4%.

Energy commodities saw significant increases this month, as Brent oil reached around $108, up around 19% on a monthly basis.

European gas prices soared by 35% month-on-month on Monday, reaching around €84 ($97) per megawatt-hour.

Last month, Fed Chairman Kevin Warsh said inflation remained too high, despite a resilient economy and growing artificial intelligence investments.

Speaking at the Jackson Hole Economic Policy Symposium, Warsh signaled that additional monetary policy steps may be needed if inflation does not fall to the target level.

On Friday, the US inflation rate stood at 3.4%, while the monthly rate increased to 0.4%.

Increasing oil prices this month raise inflationary concerns and put pressure on the Fed’s monetary policy board.

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Oil prices climb above $107 a barrel

Oil prices rose more than 3% on Monday, with Brent crude futures gaining $3.21, or 3.1 percent, to reach $107.82 a barrel as of 03:40 GMT.

US West Texas Intermediate (WTI) crude went up $3.17, or 3.2 percent, to trade at $103.22.

The increases follow new Houthi strikes on Saudi Arabia and attacks on ships in the Gulf, compounding supply concerns after Saudi Arabia’s East-West oil pipeline was temporarily shut down following a drone attack.

The shutdown of the pipeline, which allows exports to bypass the Strait of Hormuz, threatens up to 4% of global oil supply.

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

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