Gold Shrugs Off Kevin Warsh's Rate Hike and Climbs Back Toward $4,400 - Startup Fortune

AI desk brief

Gold dipped after the Fed’s Sept. 16 25 bp hike to 3.75%-4.00% and hawkish guidance, briefly hitting an intraday low of $4,315.20 as the dollar firmed, but then recovered to $4,383.45/oz on Sept. 18, up 0.97% on the day. The piece frames the move as a test of whether higher rates and a firmer real-yield backdrop can finally break the metal, or whether debasement/deficit concerns and central-bank buying keep gold supported.

The article also highlights a sharp 2026 correction from the January record near $5,595-$5,589/oz to around $4,020, alongside nearly $18bn of gold ETF outflows since the peak, even as central banks continue to buy. J.P. Morgan’s June outlook is cited at roughly $6,000/oz for Q4 2026 and $6,300 for 2027, underscoring how divided the market remains on the medium-term path.