• Business,
  • World

    • Gold Prices Fall to Nearly Two-Week Low as Fed Rate Hike Signals Weigh

    By on August 31, 2026
    Gold
    Gold

    Gold Falls to Nearly Two-Week Low Amid US Rate Hike Signals

    Singapore: Gold prices extended their decline today, reaching their lowest level in nearly two weeks after US Federal Reserve Chair Kevin Warsh indicated that further interest rate hikes may be necessary to contain inflation.

    Spot gold fell 0.8 percent to $4,417.04 per ounce, its lowest level since August 19, following a decline of more than 3 percent on Friday.

    US gold futures for December delivery also declined, falling 1.4 percent to $4,466.80 per ounce.

    Other precious metals also recorded declines. Spot silver fell 0.4 percent to $66.10 per ounce, while platinum declined 1.3 percent to $1,797.03 and palladium dropped 2.5 percent to $1,386.96.

    The decline in gold comes as markets assess the outlook for US monetary policy and the potential impact of higher interest rates on demand for non-yielding assets.

    more recommended stories

    Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.