Gold retreats amid Dollar strength, rate outlook
Gold prices retreated on Wednesday as investors factored in the likelihood that major central banks would keep borrowing costs elevated for a longer stretch in their bid to tame persistent inflation.
September 23, 2026 (MLN): Gold prices retreated on Wednesday as investors factored in the likelihood that major central banks would keep borrowing costs elevated for a longer stretch in their bid to tame persistent inflation. Currently, spot gold is down 0.58% to $4,322.17 an ounce as of [12:34 pm] PST, according to data reported by Mettis Global. The US dollar held steady near a two-month high, with a s...