$XAUT is trading around $4,060 after a fifth straight lower session, roughly 27% below its January peak near $5,595. The driver is oil. Surging crude is reviving inflation fears and rate-hike bets ahead of next week's Fed decision, which lifts yields and pressures a non-yielding asset like gold. Reclaiming $4,100 would ease the pressure. Staying below it keeps the $3,900 area in play. #Fed