Mumbai, Sept. 21 -- COMEX gold futures pull back from around one-week high on Monday morning in Asia as Fed continues to stay hawkish on interest rates. The Fed raised interest rates by a quarter of a percentage point to the 3.75%-4.0% range last week and flagged more hikes in the coming months. Besides, escalating tensions in Middle East that could further drive oil prices higher is also keeping the yellow metal under pressure. Reports suggest governments across the Middle East are bracing for an escalation of violence after Iran claimed it had received intelligence that Washington was preparing for a renewed bombing campaign against the Islamic Republic. Currently, the counter is down half a percent at $4399.80 an ounce.
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