Economic dataCargo ships

Gold Trades Near Seven-Week Low as Rate-Hike Pressure Mounts

Bloomberg29 September 2026, 00:02 UTCIran

Gold held a sharp decline as the deadlock between the US and Iran over the Strait of Hormuz continued to keep energy costs elevated and maintained pressure on the Federal Reserve to hike interest rates.

Read the full story at Bloomberg Open in the live monitor

Related discussion groups

No group discusses this yet. Start a discussion group and attach this story.

More news about Iran

Oil majors look beyond Middle East war in pursuit of region’s vast reservesFinancial Times8 October 2026, 04:00 UTCIranWar activityWestern groups look to new investment opportunities despite the chaos and heightened risks caused by the conflict with Iran
Oil companies are full speed ahead in the Middle EastFinancial Times8 October 2026, 04:00 UTCIranWestern groups look to new investment opportunities despite the chaos and heightened risks caused by the conflict with Iran
Trump says he is not keen on a deal with Iran as U.S. reportedly prepares for 'massive bombing'CNBC8 October 2026, 03:28 UTCIranGovernment leadersThe U.S. president and his national security team have discussed possibly resuming large-scale U.S. military operations in the coming weeks, NBC News reported.
Oil gains as Middle East hostilities stoke supply worriesCNBC8 October 2026, 01:46 UTCIranGovernment leadersPresident Donald Trump and his national security team have talked about possibly restarting large-scale U.S. military operations in Iran in the coming weeks, NBC News reported.
US stocks slide as oil prices fluctuate over renewed Iran war fearsAl Jazeera8 October 2026, 00:33 UTCIranEconomic dataOil prices rose on fresh concerns about Middle East supplies, before falling on the possible release of more reserves.
Worst-Performing Philippine Bonds Face Peso, Inflation RisksBloomberg8 October 2026, 00:00 UTCIranEconomic dataPhilippine bonds, the worst-performing in emerging markets since the Iran war began, are set for further losses as faster inflation, a sliding peso and softer auction demand weigh on sentiment, str...
Military ordered to be ready for possible Iran strikes as Trump weighs timing - AxiosGoogle News7 October 2026, 23:22 UTCIranGovernment leadersMilitary ordered to be ready for possible Iran strikes as Trump weighs timing Axios
Explainer: The status of Iran's uranium enrichment programme - ReutersReuters7 October 2026, 18:54 UTCIranNuclear installationsExplainer: The status of Iran's uranium enrichment programme Reuters

More on Economic data

America shut out Chinese EVs. Britain welcomed them — and now faces a difficult choiceCNBC8 October 2026, 05:30 UTCUnited States of AmericaEconomic dataBritain faces a finely balanced choice over whether to follow the EU in imposing tariffs on Chinese EVs.
Houthi Attacks Heighten Saudi Escalation ConcernsBloomberg8 October 2026, 04:28 UTCYemenEconomic dataBloomberg’s Stuart Livingstone-Wallace discusses escalating clashes between Houthi forces and the Saudi-led coalition around the Bab el-Mandeb strait. He explains how recent Houthi strikes on key S...
How one woman's debt spiral signals trouble for Thailand's growth hopes - ReutersGoogle News8 October 2026, 02:55 UTCThailandEconomic dataHow one woman's debt spiral signals trouble for Thailand's growth hopes Reuters
IMF reaches tentative $1.21 billion bailout deal with PakistanDW8 October 2026, 02:24 UTCPakistanEconomic dataPakistan's dependence on Gulf energy imports, remittances and regional financing has left the economy exposed to the fallout from the Middle East conflict.
Indian shares open lower as hawkish RBI rate hike, rising oil dent sentiment - ReutersReuters8 October 2026, 02:23 UTCIndiaStock marketIndian shares open lower as hawkish RBI rate hike, rising oil dent sentiment Reuters
How one woman's debt spiral could indicate wider problems for Thailand's economic growth - YahooGoogle News8 October 2026, 02:05 UTCThailandEconomic dataHow one woman's debt spiral could indicate wider problems for Thailand's economic growth Yahoo