Gold prices are trading under pressure as expectations of further Federal Reserve tightening outweigh support from a decline in oil prices, according to NDTV. The outlet reports that “Fed jitters” are driving sentiment in bullion markets, with traders focusing on signals that monetary policy may remain restrictive. While falling oil prices typically help support gold by influencing inflation expectations and overall market risk appetite, this supportive factor is described as being outweighed by renewed concerns over future interest-rate moves. NDTV also highlights that markets are watching key technical levels, including potential support zones, as prices move near important thresholds. The report frames the near-term outlook as vulnerable to additional declines, suggesting that gold could test lower price levels if tightening expectations continue to strengthen. Overall, the story centers on how shifts in U.S. monetary policy expectations are dominating other macro influences, with oil acting as a secondary factor in the current move.