Gold Falls to $4,277 to $4,310 Per Ounce on September 14, Down Over 1.5 Percent as Federal Reserve Rate Hike Odds Surge to 88 Percent

Gold prices declined on Monday September 14, with spot gold trading at $4,277 per ounce as of 8:50 AM Eastern Time and $4,310 as of early afternoon, down 1.51 percent from the previous day and falling from Friday's close around $4,385, according to Fortune, Kitco, and Trading Economics. December gold futures opened at $4,375 per ounce, down 0.8 percent from Friday's closing price, with Comex futures falling roughly 0.8 percent to around $4,375 per ounce during early global trading. The decline came as markets now expect an 83 to 88 percent probability that the Federal Reserve will raise the federal funds rate at its meeting Wednesday September 16, following Friday's August CPI report that showed core inflation rose 0.3 percent month-on-month, above consensus. Rising crude oil strengthened inflation concerns and pushed traders toward expectations of a rate hike, weighing on gold prices. Gold is typically sensitive to interest rate expectations because higher rates increase the opportunity cost of holding non-yielding assets like gold. Despite the day's decline, gold remains 16.45 percent higher than a year ago, though it has fallen 2.97 percent over the past month. The pressure on gold arrived at a significant time, as widespread expectations of a rate hike are weighing on gold prices for now, according to Yahoo Finance. The precious metal had peaked near an all-time high of $5,589.38 per ounce on January 28, 2026. Middle East tensions, which typically support gold as a safe-haven asset, were offset by the stronger dollar and rising Treasury yields, with the 10-year yield hitting 5 percent for the first time since 2023.