Gold Under Pressure as Fed Decision Looms

Gold  |  2026-09-16 00:04:36   |   By

Traders will also look for guidance on another potential rate hike later this year, with expectations growing for a move in October or December.

SEATTLE (Scrap Monster): Gold remained below $4,300 an ounce on Wednesday, hovering near its lowest level in almost six weeks as investors cautiously awaited the latest US Federal Reserve policy decision.

The central bank is widely expected to raise interest rates by 25 basis points, marking its first increase in around three years as policymakers seek to contain inflationary pressures.

Traders will also look for guidance on another potential rate hike later this year, with expectations growing for a move in October or December.

The Bank of Japan is also expected to raise borrowing costs this week, while the Bank of England is likely to keep policy unchanged.

Meanwhile, gold prices faced additional pressure from surging energy costs that are fueling inflation concerns amid widening supply disruptions in the Middle East. Higher bond yields also weighed on non-yielding metals, with the US 10-year Treasury yield climbing to its highest level since 2007.

Courtesy: www.tradingview.com