‼️Gold has fallen about 7% in September after hitting $4,510 an ounce early in the month, pressured by the Fed’s first rate hike since 2023 to curb sticky US inflation and signals of further tightening. Elevated energy prices have reinforced those concerns, with markets pricing roughly a 70% chance of another hike in October, while Fed Governor Lisa Cook warned that AI-driven productivity gains may not offset near-term inflation pressures.
