Gold Falls as Traders Weigh Rate-Hike Prospects, Inflation Fears

Markets Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Mark Burton and Sybilla Gross October 6, 2026 at 11:52 PM UTC Updated on October 7, 2026 at 9:37 PM UTC Takeaways by Bloomberg AI Gold fell to a two-month low as the dollar strengthened, while heightened Middle East tensions fueled fears over war-driven inflation and investors weighed prospects for at least one more US rate hike this year. Bullion dropped as much as 2.3% to below $4,100 an ounce — its lowest intraday price since Aug. 5 — before finishing Wednesday down 1.3% at $4,111.23.