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Finance / Energy Energy

Gold Drops Below $4,000 as Fed Rate Hike Bets Surge

Source: bloombergMarkets July 13, 2026 · 13:10
Gold Drops Below $4,000 as Fed Rate Hike Bets Surge
Photo by Markus Winkler · Pexels
From the publisher
In this Metals Spotlight segment, Bloomberg's Metals Reporter Jack Ryan talks about how oil prices and a renewed US blockade of the Strait of Hormuz are impacting gold and silver prices. Bullion slid below $4,000 an ounce during trading on Monday as Fed Governor Christopher Waller said policymakers may need to raise rates in the near term. Ryan reports on "Bloomberg Open Interest." (Source: Bloomberg)
About the source

Bloomberg Markets

Bloomberg Markets is a magazine published six times a year by Bloomberg L.P. as part of Bloomberg News. Aimed at global financial professionals, Bloomberg Markets publishes articles on the people and issues related to global financial markets. Bloomberg Markets, which is based in New York City, has readers in 147 countries. More than half of its readers live outside the U.S.

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