Gold tumbles as Oil shock fuels US Dollar rally and Fed hike bets

Private Trade News venue-risk note (2026-10-12): Gold (XAU/USD) price drifts lower by about 1.49% on Monday as the Greenback gains ground amid escalating hostilities in the Middle East, pushing energy prices… Primary source: original at FXStreet (fxstreet.com).

October 12, 2026 5:11 PM GMT · FXStreet

Gold (XAU/USD) price drifts lower by about 1.49% on Monday as the Greenback gains ground amid escalating hostilities in the Middle East, pushing energy prices higher and increasing the likelihood of higher interest rates globally.

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