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Gold prices fall as traders brace for Fed rate hikes and a stronger dollar.

Market News
21 Sep 2026
FXEmpire
View Source
Bearish
Gold prices fall as traders brace for Fed rate hikes and a stronger dollar.

Gold prices declined due to concerns over a potential rate hike by the Federal Reserve, with a 53.1% chance of an increase in October and a 42.4% chance of two hikes by year-end. Despite a drop in Treasury yields, the stronger U.S. dollar pressured gold prices lower. Key support levels for gold are around $4300 and $4250, while resistance is near $4400 and $4500. Silver and platinum also retreated amid profit-taking and weaker oil prices, respectively, indicating cautious sentiment in precious metals markets ahead of Fed decisions.

Gold price movements are influenced by a 53.1% chance of a Federal Reserve rate hike in October, with a 42.4% chance of two hikes by year-end. For readers following precious metals, here is Pluang's market snapshot as of Sep 21, 2026 22:41 WIB: out of 150 priced US stocks tradable on Pluang, 106 rose and 44 fell today. Notable movers include Roblox Corp (RBLX) at USD 50.83 with a 1-day change of +6.29%, Li Auto Inc (LI) at USD 11.48 with -5.44%, and BlackBerry Limited (BB) at USD 8.40 with +5.13%.

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