Gold Price Tumbles Amid Fed Rate Hike Fears and Rising Inflation

Gold prices have been under pressure in recent days as expectations of a Federal Reserve rate hike increase. The current price is around $4,370, down from its August high of nearly $4,697.

The metal now faces two opposing forces: renewed U.S.-Iran tensions supporting safe-haven demand and higher energy prices increasing inflation fears and Fed rate hike expectations.

Gold's short-term outlook remains cautious below the key support level of $4,500. However, the broader bullish structure can survive if buyers defend this crucial level.

The article examines the geopolitical risks, Fed outlook, and key technical levels that may determine gold's next move.