Gold prices dipped for a second week, pressured by escalating oil costs and growing inflation worries. Concerns over potential interest rate hikes by the U.S. Federal Reserve, fueled by a resilient job market and ongoing geopolitical tensions, are impacting the precious metal. Investors are closely watching economic indicators and international developments.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend
October 1, 2026