Gold Prices Slide to $4,263 as Fed Prepares to Hike Interest Rates Again
The gold rate in the United States fell to $4,263.19 per troy ounce on September 15, 2026, a decline of 0.84 percent from the previous day. The drop came as traders unwound defensive positions ahead of the Federal Reserve's two-day policy meeting.
The FOMC meeting opened with futures markets pricing a 92 percent probability of a 25-basis-point rate hike on September 17, which would push the federal funds rate to its highest level in 17 years. Gold typically gives ground in the days before a widely expected rate decision as hedge funds trim long positions.
Rising crude oil prices after a Saudi Arabian pipeline shutdown hardened inflation expectations and reinforced the case for continued Fed tightening, weighing on non-yielding assets like gold.