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Gold prices dip despite weak U.S. manufacturing data and Fed rate hike expectations.

Market News
15 Sep 2026
Kitco
View Source
Bearish
Gold prices dip despite weak U.S. manufacturing data and Fed rate hike expectations.

Gold prices fell slightly even as the New York Federal Reserve reported a sharp drop in its Empire State Manufacturing Survey to 7.6, well below expectations. The weak manufacturing data signals cooling in the U.S. sector but is not seen as enough to deter the Federal Reserve from likely raising interest rates. Higher rate expectations have strengthened the U.S. dollar and pushed bond yields above 5%, pressuring gold prices. Investors remain cautious as the Fed's rate decision approaches, limiting safe-haven demand for gold.

Gold price context shows a 52-week range not provided, but market activity on Pluang as of Sep 15, 2026 19:11 WIB reveals a breadth of 150 US stocks with 47 advancing and 98 declining. Notable movers include XPEV (Xpeng Inc - ADR) down 2.89% at USD 10.40, NOK (Nokia Corp) up 2.85% at USD 9.93, and RBLX (Roblox Corp) down 2.61% at USD 49.95. This snapshot offers a view of market dynamics on the platform during the same period as the gold price struggle amid economic data releases.

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