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Oil Prices Slip, Gold Holds Steady Amid Inflation & Rate Hike Concerns
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Moneycontrol•21-09-2026, 07:37
Oil Prices Slip, Gold Holds Steady Amid Inflation & Rate Hike Concerns
- •Commodity markets saw mixed trading on September 21, with oil prices declining while gold remained steady.
- •Oil prices fell as investors anticipated a recovery in Saudi shipments despite ongoing Middle East tensions and Houthi attacks.
- •Brent crude futures dropped 0.78% to $103.06 a barrel, and US West Texas Intermediate crude was down 0.89% at $99.41 a barrel.
- •Gold held steady around $4,375 an ounce as traders weighed persistent inflation risks and the outlook for interest rates following the US Federal Reserve's first rate hike since 2023.
- •Silver rose 0.2% to $66.38 an ounce, with platinum and palladium also seeing slight gains.
Key Questions Answered
Oil prices declined as investors assessed prospects of recovering shipments from Saudi Arabia despite ongoing attacks by Yemeni Houthis that heightened Middle East tensions.
Gold held steady, trading around $4,375 an ounce, as traders weighed persistent inflation risks and the interest rate outlook following the Federal Reserve's rate hike.
Brent crude futures dropped 81 cents to $103.06 a barrel, while US West Texas Intermediate crude stood at $99.41 a barrel after a decline of 89 cents.
