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Gold prices decline amid rising oil and Fed rate hike expectations
Global gold prices are facing downward pressure as markets anticipate a potential interest rate hike by the U.S. Federal Reserve this week. Current market pricing suggests a 90% probability of a 25 basis point increase, driven by persistent inflation data and rising energy costs. Spot gold has recently traded around $4,310 to $4,330 per ounce.
Simultaneously, oil prices have surged past $100 per barrel, fueled by geopolitical tensions in the Middle East, including attacks on Saudi Arabian infrastructure and maritime disruptions in the Gulf. This spike in energy costs is exacerbating global inflation concerns, further strengthening the hawkish outlook for central banks.
In Indonesia, the Ministry of Trade has adjusted gold benchmarks for the second half of September 2026. The Export Benchmark Price (HPE) is set at USD 144,469.49 per kilogram, while the Reference Price (HR) has risen to USD 4,493.51 per troy ounce. Local retail prices for Antam gold at Pegadaian also show fluctuations, with 1-gram units listed at approximately Rp2,642,000.
Entities
Allianz · Antam · Anthropic · Bank of Japan · Bitcoin · Brent crude · Dario Amodei · European Central Bank · Federal Reserve · Gold · International Energy Agency · JPMorgan
Claims
What the coverage asserts, and how many sources carry each claim.
- [DISPUTED] The US Consumer Price Index (CPI) increased by 0.4% compared to August. anninhthudo.vn · thoibaotaichinhvietnam.vn
- [● 5 SOURCES] DOJI gold ring prices were trading at 143 million VND/tael for buying and 147 million VND/tael for selling. htv.vn · anninhthudo.vn
- [DISPUTED] SJC gold bar prices were trading at 143 million VND/tael for buying and 146 million VND/tael for selling. anninhthudo.vn · thuonggiaonline.vn · htv.vn
- [DISPUTED] Global gold prices recovered to 4,349 USD per ounce. anninhthudo.vn · www.hamlegazetesi.com.tr · madanname.ir · thoibaotaichinhvietnam.vn
- [● 6 SOURCES] Spot gold prices were trading around 4,348 USD per ounce on the morning of September 12. anninhthudo.vn · madanname.ir
- [● 5 SOURCES] Gold prices experienced a weekly decline of approximately 1.5% to 1.7%. anninhthudo.vn · giavang.net · www.cnbce.com · www.hamlegazetesi.com.tr
- [● 6 SOURCES] The CME FedWatch tool indicates a nearly 90% probability of a Fed interest rate hike. anninhthudo.vn · giavang.net · www.cnbce.com · thoibaotaichinhvietnam.vn
- [○ 1 SOURCE] Analysts project the IHSG will move between support at 6,460 and resistance at 6,611.
- [○ 1 SOURCE] Rising oil prices above USD 100 per barrel and upcoming FOMC meetings are pressuring markets.
- [○ 1 SOURCE] SK hynix and Samsung lost approximately $91 billion in market value during early Seoul trading.
- [○ 1 SOURCE] Potential interest rate hikes by the Fed and BoJ may reduce appetite for risky assets.
- [DISPUTED] The KOSPI index fell 3.12% to 6,694.56 due to Middle East geopolitical uncertainty.