Gold Drops to 2026 Low Amid Rising Rate Hike Bets
Gold prices fell over 5% to a 2026 low on Monday. Rising Middle East tensions and high oil prices have shifted market expectations toward interest rate hikes.
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Gold prices experienced a sharp sell-off on Monday, reaching their lowest levels of 2026. This downturn follows the metal's most significant weekly decline in approximately 43 years, as escalating geopolitical tensions and rising inflation concerns prompted investors to adjust their expectations for global interest rates. Spot prices fell 5.8% to $4,226.16 per ounce, marking the ninth consecutive session of losses.
