Commodities
Gold Price Soars on Rate Hike, Then Plunges as Hawkish Outlook Takes Hold
The gold price surged 2.53% after the US Federal Reserve's rate hike in September 2026, making it an attractive safe-haven asset as Treasury yields and oil prices softened.
However, a hawkish Fed outlook with signals of further increases pressured gold afterward, leading to a sharp decline in its price.
The gold price remains below both its 20-day and 200-day moving averages, indicating sustained selling pressure in short- and long-term timeframes.