Gold falls more than 1% after Fed raises interest rates
Gold prices fell more than 1% after the US Federal Reserve raised interest rates and signalled further increases, pushing the dollar higher and pressuring non-yielding bullion.
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Gold Market News
Original summaries of the reporting that moves the gold price, with every source linked.
New Found Gold starts commercial output at Hammerdown mine
New Found Gold has reached commercial production at Hammerdown in Newfoundland after two months of sustained throughput and recovery. Shares rose more than 5% on the news.
Gold rises ahead of Fed rate decision; focus on Warsh comments
Gold prices rose on September 16 supported by a weaker US dollar. Traders awaited the Federal Reserve's policy decision, with markets pricing a 90% chance of a quarter-point rate hike.
Gold price slides as Federal Reserve delivers hawkish 25 bps rate hike
Gold prices erased gains and slid after the Federal Reserve hiked rates by 25 bps to a 3.75-4.00% range, with most officials projecting at least one more increase this year.
Gold and Silver Hold Key Support as Markets Stabilise
Gold and silver prices have stabilised slightly after recent declines, with analysts pointing to oversold conditions and key support levels holding ahead of this week's FOMC meeting.
Commodity Outlook: Gold, Metals and Oil in Focus Amid West Asia Crisis
Commodity markets are volatile as West Asia tensions disrupt supply chains. ICICI Direct's Pankaj Pandey explains the outlook for gold, metals and crude oil, and what it means for stocks.
Can artificial intelligence really move the gold price? One analyst says no
A well-known commentator argues that market psychology, not artificial intelligence or economic data, is the true driver of gold prices. He sees a key support level for December futures.
India gold rate September 16: Futures slip; retail prices flat
Gold and silver futures dipped slightly on MCX on September 16. Retail gold prices in major Indian cities remained largely unchanged at ₹1,53,160 per 10 gm for 24-carat.
Gold risks deeper pullback as Fed decision approaches
Gold failed to break above $4,500 and corrected lower, dipping below $4,450 and testing the $4,250 support zone. A bearish trend line at $4,355 is capping near-term gains.