Gold price today, Tuesday, September 22, 2026: Gold prices holding as Chinese gold imports set record - Yahoo Finance

AI desk brief

Gold December futures opened flat at $4,382.50/oz and eased to $4,368.40 early Tuesday, holding near record levels despite the Fed’s first rate hike in three years earlier this month. The key support is Chinese demand: imports through August topped 1,000 tonnes, exceeding the full-year 2025 total, with strong investment demand keeping onshore prices at a premium to global benchmarks and encouraging more imports.

The article argues higher rates remain a headwind via opportunity cost, but resilience in prices suggests demand is offsetting the policy shock. A strong yuan and more generous approval quotas were also cited as supportive for imports.