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Gold falls more than 1% after Fed hikes interest rates

Gold prices fall more than 1% after the US Federal Reserve raises interest rates and signals further hikes, pushing the dollar higher and weighing on non-yielding bullion. Spot gold drops to $4,240.10 an ounce after hitting a session high of $4,365.57, while silver, platinum and palladium also decline.

17 Sep 2026 1:39 am