Gold prices fall below $4,200 an ounce for the first time in almost two months

Gold is getting cheaper, on fears that rising oil prices will lead to higher inflation and prompt the Fed to raise rates

Максим Кармаза

Published Sep 28, 2026

Gold prices fall below $4,200 an ounce for the first time in almost two months

At auction on Monday, September 28, December gold futures on COMEX fell by 2.91%, to $4195.5 per ounce. The previous time below $4,200 per ounce, gold prices were on August 5.

According to Bloomberg, gold fell in price as the US-Iranian conflict in the Strait of Hormuz led to an increase in energy prices. This has increased concerns about rising inflation and strengthened expectations of further interest rate hikes by the Federal Reserve (Fed), writes Reuters.

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Source: РБК ↗

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Gold prices fall below $4,200 an ounce for the first time in almost two months

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