Gold Falls to $4,263 Per Ounce on September 15, Down 0.84 Percent as Stronger Dollar and Fed Hike Expectations Pressure Non-Yielding Bullion

Gold fell to $4,263.19 per ounce on Tuesday September 15, down 0.84 percent from the previous day and marking its lowest level in more than a month, according to Trading Economics and LiteFinance. The precious metal extended losses after posting its third consecutive weekly decline, pressured by a stronger US dollar and growing expectations of a Federal Reserve rate hike. Spot gold traded in a range of $4,263 to $4,298 during the session, with various sources reporting prices between $4,277 and $4,337 depending on timing, all reflecting continued downward pressure. The decline came as the US 10-year Treasury yield climbed toward 5 percent amid inflation and fiscal concerns, adding further pressure on non-yielding bullion. Gold has fallen 3.46 percent over the past month but remains 15.48 percent higher than a year ago. The Bank of Japan is also expected to raise rates on Friday, as elevated energy costs and ongoing tensions in the Middle East continue to complicate the inflation outlook globally. Indian gold prices reflected the international move, with 24K gold priced at Rs 15,408 per gram on September 15, down slightly from prior levels. Analysts noted that gold's trading range for the day was expected between $4,313.67 and $4,376.04, with the precious metal facing headwinds from both monetary tightening expectations and opportunity cost considerations as yields rise.