Will a September Hike Hurt Gold?

Live updates

1. 20m ago

   Gold Prices Stabilize as Markets Await Payrolls Data

   Gold prices remain steady at $4,445 per ounce following a $70 decline sparked by a hawkish speech from Warsh at Jackson Hole. Investors are currently evaluating whether a September Federal Reserve rate hike will occur to keep PCE inflation at 2%. While Wall Street maintains an optimistic outlook, Main Street investors have reduced their bullish positions. The market is now focused on upcoming payrolls data to determine the Federal Reserve's next move regarding interest rates.

   Why it matters

   Gold often reacts inversely to interest rate hikes because higher rates increase the opportunity cost of holding non-yielding assets. Geopolitical instability typically provides a counter-balance by driving safe-haven demand. The tension between inflation control and economic stability currently dictates price volatility.

   What to watch next

   • Release of upcoming payrolls data
   • Federal Reserve announcement on September interest rates
   Sources used for this update (6)

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2. 16h ago

   Gold Prices Steady Following Rate Hike Fears

   Gold prices have stabilized at $4,445 per ounce after an initial $70 drop triggered by a hawkish speech from Warsh at Jackson Hole. Market participants are now weighing a potential September Federal Reserve rate hike against broader geopolitical instability. While Wall Street remains optimistic, Main Street investors have decreased their bullish stance. Current market attention has shifted to upcoming payrolls data to determine if the Federal Reserve will act to maintain 2% PCE inflation.

   Why it matters

   Higher interest rates typically make non-yielding assets like gold less attractive to investors. The current volatility reflects a conflict between inflationary targets and geopolitical tensions.

   Still unconfirmed

   • Bitcoin prices are falling as tensions between the U.S. and Iran escalate.

   What to watch next

   • Upcoming U.S. payrolls data
   • Federal Reserve interest rate decision for September
   Sources used for this update (5)

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3. 2d ago

   Gold Prices Drop After Hawkish Jackson Hole Speech

   Gold prices fell to $4,445 per ounce and hit a near two-week low following a hawkish speech by Warsh at Jackson Hole. Warsh vowed to maintain 2% PCE inflation, which increased market bets on a Federal Reserve rate hike in September. While the price dropped $70 initially, it has since steadied. Wall Street remains hopeful about the asset's outlook, though Main Street investors have reduced their bullish majority as the market shifts focus toward upcoming payrolls data.

   Why it matters

   Gold typically moves inversely to interest rates because higher rates increase the opportunity cost of holding non-yielding assets. Warsh's commitment to inflation targets signals a potential tightening of monetary policy. This creates volatility for precious metals as investors weigh rate-hike probabilities against other economic indicators.

   What is confirmed

   • Gold prices fell to $4,445 per ounce.
   • Warsh vowed 2% PCE inflation during a speech at Jackson Hole.
   • Gold prices dropped $70 following the Jackson Hole event.
   • The price of gold reached a near two-week low.

   Still unconfirmed

   • Main Street investors have pared their bullish majority.
   • Wall Street maintains hope for gold despite the price decline.

   What to watch next

   • US payrolls data reports
   • Federal Reserve interest rate decision in September
   Sources used for this update (12)

   1. BullionVault — Gold Sinks $70 as Warsh Vows 2% PCE Inflation at Jackson Hole
   2. Fortune — Current price of gold: Aug. 28, 2026
   3. fnarena.com — The Monday Report – 31 August 2026
   4. Robin J Brooks | Substack — Will a September Hike Hurt Gold?
   5. Bloomberg.com — Gold Steadies After Tumbling as Warsh Spurs Fed Rate-Hike Bets
   6. Yahoo Finance — Warsh's Hawkish Jackson Hole Speech Sends Gold Sharply Lower
   7. KITCO — Wall Street holds out hope for gold despite fall to $4,445/oz, Main Street pares bullish majority with payrolls now in focus
   8. CNBC — Gold hits near two-week low on Fed chief's hawkish stance
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