YLG Bullion International Company Limited reported its gold price outlook for September 17, 2026, saying that yesterday gold closed down 30.50 dollars after the US central bank raised interest rates by 25 bp to a range of 3.75–4.00%, as expected, while signalling that it may raise rates further in the coming months. Fed Chair Kevin Warsh stressed that he will focus on bringing inflation back to stability, and the market interpreted both the statement and the Dot Plot as hawkish, supporting a stronger dollar and adding pressure on gold. However, gold prices were supported by a decline in Brent oil prices, following reports that Saudi Arabia increased oil exports through Oman, helping ease concerns over supply in the Middle East, together with a smaller-than-expected drawdown in US crude inventories, which kept gold's decline within a limited range. Technically, prices moved down to make a Lower Low but a Bullish Divergence appeared on the 4-hour chart, so today caution is needed over a rebound, though if a rebound fails to break through 4,368 dollars, selling pressure must still be watched. It is recommended to buy back yesterday's short position if the price does not break below 4,257–4,234 dollars, and to move the Trailing Stop up to 4,315 dollars to lock in profits, and to open a short position again if the price fails to break through 4,315–4,368 dollars, cutting losses on the short position if it breaks above 4,368 dollars.
Fed raised the effective funds rate 25bp to 3.75–4.00% and signalled further hikes, lifting the policy rate.
Hawkish Fed hike and Dot Plot support higher yields, pushing the 10Y yield up.
