Federal Reserve
The United States' central bank; its rate-setting Federal Open Market Committee (FOMC) meets roughly every six weeks, and its decisions move gold prices directly since higher rates raise the cost of holding an asset that pays no yield.
Covered in 29 MetalsCost.com News Intelligence articles, most recently on October 1, 2026.
Coverage
Gold Ends September Down 6.5%, Snapping a Two-Month Winning Streak
Gold fell 6.5% in September, ending a two-month run of gains. A firmer dollar, a sell-off in US Treasuries and a sharp rise in oil prices outweighed softer US inflation data released on the last day of the month.
Natixis Now Sees Gold Ending 2026 at $4,100, a Month After Calling for $5,000
French bank Natixis now expects gold to end the year around $4,100 an ounce, just weeks after it raised its target to $5,000. Rising oil prices and the risk of more US rate hikes explain the turn.
Silver Heads for a Nearly 9% Monthly Loss as Fed Hike Fears Outweigh Softer US Inflation
Silver traded near $60 an ounce on Wednesday and is set to end September almost 9% lower. Softer US inflation data eased fears of an October rate hike, but not enough to lift the metal.
Gold Climbs Back Above $4,160 as US Job Openings Fall More Than Expected
Gold rose more than 1% to about $4,166 an ounce on Tuesday after US job openings dropped to 7.08 million, well below forecasts. A cooling job market gives the Fed less reason to keep raising rates.
Gold Sinks More Than 3% to a Seven-Week Low as Oil Jumps on Trump's Iran Rejection
Gold fell more than 3% on Monday to its lowest since early August after oil jumped 4% on Trump's rejection of an Iranian offer to reopen the Strait of Hormuz. Dearer oil revived bets on another US rate hike.
Gold Falls to a Six-Week Low as the Fed's Hawkish Rate Path Lifts the Dollar
Gold fell about 1.1% to near $4,308 an ounce on September 23 as the dollar hit a two-month high and traders priced in a further Fed rate hike, even as US-Iran talks eased some pressure.
Gold Price Outlook: Rally May Turn Range-Bound Next Week as Focus Shifts to China's Rate Decision, Analysts Say
Gold closed a third straight weekly gain near Rs 1.54 lakh per 10 grams, but analysts at LKP Securities and JM Financial Services expect range-bound trading next week as focus shifts to China's rate decision and fresh economic data.
Gold ETF Holdings Climb for an Eighth Straight Day, Even Through the Fed's Rate Hike
Gold ETF holdings rose for eight straight sessions through September 17, a seven-month high, as institutional buyers kept adding through the Fed's rate hike rather than selling into it.
Gold Climbs to a One-Week High, on Track for Its First Weekly Gain in a Month as Oil Keeps Falling
Gold rose to a one-week high near $4,388 an ounce on September 18, its first weekly gain in four weeks, as oil fell a third session on easing Saudi supply concerns; MCX gold in Mumbai climbed to Rs 1,54,290 per 10 grams.
India's Forex Reserves Fall $4.92 Billion as the RBI's Gold Holdings Take the Bigger Hit
India's forex reserves fell $4.92 billion to $780.78 billion in the week ended September 11, as the RBI's gold holdings lost $2.59 billion in value, more than the drop in foreign currency assets.
Gold Sinks to a One-Month Low as the Fed Raises Rates and Signals More Hikes Ahead
The Federal Reserve raised interest rates 25 basis points to 3.75%-4% on September 16, its first hike in three years, sending gold to a one-month low near $4,235 as Chair Warsh signalled more hikes ahead.
Gold Rebounds Over 2% as Treasury Yields Ease, But Delhi's Retail Price Still Falls Rs 600
Gold rallied over 2% to near $4,367 an ounce on September 17 as Treasury yields eased and Saudi oil-supply fears cooled, even as Delhi's retail gold price fell Rs 600, still lagging Wednesday's Fed-driven selloff.
Gold and Silver Slip Again as Saudi Arabia Attacks Send Oil Toward $107 Ahead of the Fed's Rate Call
Gold and silver extended their slide on September 14 as Houthi and Iran-linked attacks on Saudi Arabia and Gulf shipping shut a Saudi oil pipeline, pushing Brent toward $107 and Fed rate-hike odds to 86.5% ahead of Wednesday's decision.
Wall Street Turns Bullish on Gold Ahead of the Fed, Main Street's Optimism Slips to 53%
Kitco's latest gold survey shows Wall Street analysts flipping bullish ahead of the Fed's rate decision, while Main Street's bullish majority narrows to 53% after gold's third straight weekly decline.
Gold and Silver Sink, Then Rebound, as Hot US Inflation Data Pushes Fed Odds to 87%
Gold and silver fell hard on hot US PPI data on September 10, 2026, then rebounded on September 11 as dip-buyers stepped in even though CPI data pushed Fed rate-hike odds toward 87-91%.
Gold Holds Near $4,390 as Oil's Climb Toward $100 Sharpens the Stakes for This Week's US Inflation Data
Gold held near $4,390 an ounce as oil climbed toward $98 a barrel on renewed US-Iran tensions, pushing Fed rate-hike odds near 60% ahead of this week's PPI and CPI inflation data.
Gold and Silver Fall in India as Strong US Jobs Data Lifts Fed Rate-Hike Bets to About 58%
Gold and silver fell in India and globally on September 7 as a much-stronger-than-expected US jobs report lifted Federal Reserve rate-hike odds to about 58%, pulling down MCX futures and city retail rates.
Gold and Silver Pare Steep Losses to Close Lower as Stronger Jobs Data Lifts Fed Rate-Hike Bets
Gold and silver closed lower on September 4 after a strong US jobs report revived Fed rate-hike bets, but both pared much steeper intraday losses as a Strait of Hormuz-linked diesel record added a competing inflation pressure.
Gold Has Fallen 22% From Its Record High. Analysts Are Split on Whether September Brings a Recovery
Gold has fallen to about $4,369 an ounce, down roughly 22% from its January record, as traders weigh a hawkish Fed outlook against central-bank buying, bullish bank forecasts and record US federal debt.
Gold Steadies Near $4,330 After a Fresh Three-Week Low as a Weak US Jobs Report Cools Rate-Hike Bets
Gold fell to a fresh three-week low before steadying near $4,330 an ounce on September 2, as a weak ADP jobs report pulled Fed rate-hike odds down to 62% from 68%.
Gold Falls Below $4,450 Again as Rate-Hike Bets Rise and Iran Tensions Flare
Gold extended its slide below $4,450 an ounce on August 31, down nearly 5% for the week, as rising Fed rate-hike odds and renewed Iran tensions near the Strait of Hormuz pressured the metal.
Gold Holds Near $4,450 as Fed Rate-Hike Odds Stay Above 55% After Friday's Plunge
Gold steadied near $4,450 an ounce on August 31 after Friday's 3.2% plunge, briefly touching a three-month low of $4,400, as Fed rate-hike odds held above 55% and MCX gold extended its own decline.
Gold and Silver Slide as Fed Chair Warsh Puts Inflation Ahead of a Cooling Job Market
Gold and silver reversed sharply on August 28 after Fed Chair Warsh's Jackson Hole speech prioritized inflation over jobs, lifting September rate-hike odds and erasing an earlier rally that had briefly pushed silver above $70.
Gold Tops $4,500 as Surprise US Treasury Bond Buyback Sends Yields Sharply Lower
Gold jumped past $4,500 and silver surged toward $66 on August 19, reversing an early slide after the US Treasury said it would double bond buybacks, pulling Treasury yields sharply lower.
Gold Falls Nearly 2% as US Bond Yields Hit Their Highest Level in Decades
Gold fell 1.76% to $4,338.10 and silver dropped 3.49% to $63.37 on August 18 as US bond yields hit their highest levels in decades and an AI-stock selloff spread.
Gold Settles Near $4,373 as a Retail Sales Slump Pushes September Fed Hike Odds Down to 29%
Gold closed at $4,373.50 and silver at $64.53 on August 14 after a 0.6% retail sales drop and a consumer-sentiment slide pulled September Fed hike odds to 29%, even as Treasury yields and Middle East tension capped the advance.
Central Banks Drive Gold's Best Month Since 1999 as Treasury Holdings Hit 14-Year Low
Gold surged about 10% since August 1 toward its best month since 1999, as record central bank gold buying — led by a record-reserve China — coincided with central banks' US Treasury holdings falling to a 14-year low.
Silver Surges 11% in Ten Days, Compressing the Gold-Silver Ratio to 67 as Fed Holds Through a Rare Hawkish Dissent
Silver rallied 11% in ten days to $65.32 an ounce on cooling US inflation, compressing the gold-silver ratio to 67 even as the Federal Reserve held rates through a rare three-way hawkish dissent.
Silver Pins a Seven-Week High on the 200-Day Average as a Hawkish Fed Dissent Clouds the Rally
Silver trades at $65.36, testing its 200-day moving average after surging over 10% in a week to a near seven-week high, with a hawkish Fed dissent and Tuesday's US CPI print now driving the next move.
