empty
 
 

16.09.202613:42:13UTC+00Gold Rises as Investors Await Fed Rate Decision

Gold prices climbed more than 1% to around $4,350 an ounce on Wednesday, supported by a pullback in oil prices after a two-day rally, as investors looked ahead to the US Federal Reserve’s interest-rate decision for clearer policy signals.

The Fed is widely expected to raise rates for the first time since 2023, with futures markets, via the CME FedWatch Tool, assigning more than a 90% probability to at least a 25-basis-point hike. Such a move would likely be the first of two increases projected for this year, as persistent inflation and escalating tensions in the Middle East intensify pressure on policymakers to curb rising costs.

Monetary policy announcements from other major central banks are also in focus this week. The Bank of Japan is expected to lift interest rates on Friday to their highest level in 31 years, while the Bank of England is widely anticipated to leave rates on hold on Thursday, though that decision is regarded as a close call.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $3000 more!
    In September we raffle $3000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback