Gold drops to $4,282 as Fed tightening looms
Gold prices traded lower on Thursday as bets on further US Federal Reserve tightening weighed on the metal, while softer oil prices provided a modest cushion.
September 24, 2026 (MLN): Gold prices traded lower on Thursday as bets on further US Federal Reserve tightening weighed on the metal, while softer oil prices provided a modest cushion. Currently, spot gold is down 2% to $4,281.98 an ounce as of [11:30 am] PST, according to data reported by Mettis Global. Oil prices edged down after Iran said it remained open to diplomacy to end the US-Iran war, although the tw...