Spot gold rose roughly 0.7% on September 16, 2026, trading around $4,324 to $4,328 per ounce, with intraday prices briefly touching $4,384. This advance came as the dollar retreated and markets priced in a 92-93% probability of a 25-basis-point rate hike by the Federal Reserve. The precious metal had hit its lowest level in over a month earlier in the week, weighed down by a stronger dollar, elevated Treasury yields, and oil prices above $100 per barrel, at points exceeding $108. Traders are now focused on Fed Chair Kevin Warsh’s press conference for signals on future monetary policy direction. Gold is trading within a 2026 range of $4,200 to $4,700 per ounce.
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