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XAU/USD near eight?week low as oil and Fed hawks keep pressure on gold
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See also: InstaForex trading indicators for XAU/USDv Gold continued to fall on Monday, hitting a low not seen since August 5 and trading around $4,150 an ounce in the US session. The daily decline exceeded 3%, and from the January record near $5,600 the metal has fallen roughly 25%. The principal pressure comes from several factors: rising oil prices increase inflation risks and support expectations of further Fed tightening, while Treasury yields are making multi?year highs. Key drivers Oil remains the primary catalyst
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