Macro Finance
Gold Slumps to Seven-Week Low in ‘Extremely Tough’ Market
Bloomberg Markets·September 27, 2026·1 min read
Gold sank to its lowest in more than seven weeks as the standoff between the US and Iran over the Strait of Hormuz kept energy costs elevated and reinforced pressure on the Federal Reserve for more interest-rate hikes. The precious metal's decline reflects a 'extremely tough' market environment, according to traders.
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