Gold, other precious metals prices decline

Gold, other precious metals prices decline

CAPITALS, 28th September, 2026 (WAM) -- Gold prices fell more than 2 percent on Monday as a rise in oil prices heightened inflation concerns and reinforced ‌expectations of further Federal Reserve interest-rate hikes.

Spot gold was down 2.1 percent at $4,198.10 per ounce, as of 03:57 GMT. US gold futures fell 2.1 percent to $4,231.00.

Among other metals, spot silver fell 3.4 percent to $62.08 per ounce, platinum was down 2.7 percent at $1,730.78 and palladium lost 2.8 percent to $1,231.46.