Gold price erases 2026 gains as Fed hike bets climb to 70%, silver slides
Bullion’s three-day slide has erased almost all of its 2026 gain, but the miners are coming off their best August since at least 1994.
Bullion’s three-day slide has erased almost all of its 2026 gain, but the miners are coming off their best August since at least 1994.
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Why it matters
The gold price decline reflects rising Fed rate hike expectations, signaling a significant monetary-policy development that impacts credit markets and borrowing costs broadly, making it highly relevant for sophisticated finance professionals.