Gold Price Forecast September 2026: Fed Hikes Rates, Gold Rebounds Above US$4,300 - mitrade.com

AI desk brief

Gold reversed higher after the Fed delivered a 25 bp hike to 3.75%–4.00% and signalled another increase may be needed before end-2026, with spot reportedly up 1.2% to around US$4,314.64/oz after dipping to roughly US$4,240.10. The piece frames US$4,300 as the key near-term pivot, with resistance at US$4,340–4,370 and a downside focus on US$4,200 then US$4,150 if support breaks.

The author argues the initial gold selloff was driven by a stronger dollar and higher Treasury yields, but the rebound reflects growing belief that further tightening may already be largely priced in. It also flags August US CPI at +0.4% m/m headline and +0.3% core, while noting oil-linked inflation risks and Middle East geopolitics as mixed influences for rates, the dollar and gold.