Gold price falls on prolonged high interest rate outlook
Gold prices declined significantly today, Wednesday, September 23, 2026, due to expectations of an extended period of interest rate hikes worldwide. The price of gold futures decreased by about 0.4% to $4,335.64 an ounce, while the spot price remained steady at $4,378.60, amid indications that central banks may continue raising interest rates to better control inflation. Susan Collins, the President of the Federal Reserve Bank of Boston, confirmed her support for rate hikes, with hints of possible additional increases before the year's end, while rising interest rate pressures are increasing, reducing gold's appeal as an inflation hedge.
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