started · updated
Gold prices face pressure amid Federal Reserve interest rate expectations
Gold prices have experienced downward pressure, with spot prices trading near $4,320 per ounce. This decline is largely attributed to expectations of sustained high interest rates following the Federal Reserve's recent 25-basis-point hike. Market participants are increasingly pricing in a high probability of further rate increases, with some tools suggesting a 90% chance of an additional hike in December.
Several factors are influencing the market, including a strengthening US dollar and rising oil prices, which heighten inflation concerns and make non-yielding assets like gold less attractive. While geopolitical tensions in the Middle East and central bank reserve diversification provide long-term support, short-term volatility remains high due to monetary policy uncertainty.
In a notable shift in reserve composition, Tether Holdings has emerged as a significant buyer, purchasing over 100 tonnes of gold in a single year, outpacing many central banks. Meanwhile, financial institutions have provided varying long-term forecasts, with some projecting gold to reach $4,650 per ounce by the end of 2026.
Entities
Agnico Eagle Mines · Donald Trump · European Central Bank · Federal Reserve · Gold · Gold · Susan Collins · Tether Holdings · United States
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Tether Holdings purchased over 100 tonnes of gold in 2025. www.criptovaluta.it
- [● 2 SOURCES] Gold spot prices fell below $4,324 per ounce on September 22, 2026. ameve.eu · cn.dailyeconomic.com
- [● 2 SOURCES] The Federal Reserve raised interest rates by 25 basis points to a range of 3.75%-4.00%. investinglive.com · www.proactiveinvestors.co.uk
- [○ 1 SOURCE] Gold accounts for 27% of global official reserves, surpassing U.S. Treasuries. www.criptovaluta.it
- [● 3 SOURCES] Traders are pricing in a high probability of another interest rate hike in December. yournews.com · www.finanzen.ch · news.cnyes.com
- [● 3 SOURCES] BMI analysts maintained their 2026 average gold price forecast at $4,400 per ounce. finans.mynet.com · paratic.com · investinglive.com
- [● 4 SOURCES] Boston Fed President Susan Collins noted risks that inflation could remain above the 2% target. paratic.com · finans.mynet.com · www.bolutakip.com · investinglive.com
- [● 2 SOURCES] Standard Chartered forecasted gold prices at $4,650 per ounce for the final quarter of 2026. www.gzt.com · www.cumhuriyet.com.tr
- [● 13 SOURCES] The Federal Reserve increased the policy interest rate by 25 basis points to a range of 3.75% to 4.00%. boldmedya.com · paratic.com · finans.mynet.com · www.gzt.com · economymiddleeast.com · +8 more
- [DISPUTED] Spot gold prices stabilized around $4,345 per ounce. boldmedya.com · finans.mynet.com · economymiddleeast.com · www.gazeteekspres.com
- [DISPUTED] Gram gold prices were trading at the 6,820 TL level. boldmedya.com · www.gazeteekspres.com
- [○ 1 SOURCE] UBS maintained its 12-month gold price target at $5,400. www.gzt.com