Spot gold fell to approximately $4,344 per ounce on September 1, 2026, marking a 2.2% decline. This decrease occurs amid heightened geopolitical tensions in the Middle East and a global bond selloff. The 10-year U.S. Treasury yield is approaching 4.78%, while Fed funds futures indicate a 44% to 62% chance of a Federal Reserve rate hike in September. Market expectations for gold to reach $15,000 by year-end remain low, with the highest probability at only 11.5%.
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