The Gold Traders Association announced gold prices on the morning of September 17, 2026, down 350 baht, bringing 96.5% gold bars to a buy price of 67,850.00 baht per baht-weight of gold and a sell price of 68,050.00 baht per baht-weight of gold, while 96.5% ornamental gold has a tax base of 66,491.76 baht per baht-weight of gold and sells at 68,850 baht per baht-weight of gold. Hua Seng Heng Gold Futures Company Limited stated that global gold declined as the dollar index rose for a fourth day to 100.34 points from a low of 98.75, and the 10-year US bond yield rose for a ninth consecutive day, breaking above 5.02% from 4.77%, after the Fed board voted unanimously to raise interest rates by 0.25% to a range of 3.75% to 4.00%. The Dot Plot projections indicate that most board members expect one more rate hike before the end of 2026 to curb inflation that remains above the 2% target. Meanwhile, the SPDR fund bought 1.71 tonnes of gold. As for the outlook for global gold prices, it is assessed that there is a chance of a recovery to test resistance at 4,325 and 4,350 dollars again if it can hold above support at 4,230 dollars, but if it breaks the next support at 4,200 dollars, there is a high chance of a further correction.
Fed voted unanimously to raise rates 0.25% to 3.75%-4.00%, with the Dot Plot signaling one more hike before end-2026.
10-year US bond yield rose for a ninth straight day, breaking above 5.02% from 4.77%, after the Fed's rate hike.
