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Gold holds near $4340 as euro stays at $1.146
Gold prices experienced relative stability in trading today, Tuesday, September 22, 2026, due to pressures from expectations that U.S. interest rates will remain high for a longer period. The spot gold price reached approximately $4,342 per ounce, while U.S. futures contracts declined slightly to around $4,379 per ounce. With ongoing expectations of a Federal Reserve interest rate hike in October, gold's appeal diminishes given the lack of a direct yield compared to bonds and other interest-bearing financial instruments, despite geopolitical tensions in the Middle East supporting its status as a safe haven. In the currency market, the euro is trading against the dollar at around $1.146, slightly below the European Central Bank's official rate of $1.1490, influenced by the dollar's strength following the Federal Reserve's rate increase last week.
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