Gold slides to $4,196 as oil revives inflation concerns
Gold prices dropped on Monday, as higher crude prices revived inflation fears and strengthened bets on further interest rate increases by the US Federal Reserve.
September 28, 2026 (MLN): Gold prices dropped on Monday, as higher crude prices revived inflation fears and strengthened bets on further interest rate increases by the US Federal Reserve. Currently, spot gold is down 2.06% to $4,196.18 an ounce as of [10:00 am] PST, according to data reported by Mettis Global. Crude prices bounced back by more than 2% after President Donald Trump said he had turned down an Ira...