Gold Slides as Dollar Strengthens on Fed's Higher-for-Longer Rate Stance

Gold prices fell on Tuesday, September 22, 2026, extending recent losses as the U.S. dollar firmed after several Federal Reserve officials signaled the central bank will keep interest rates higher for longer. The dollar's advance pressured bullion, which offers no yield and becomes less attractive when rates stay elevated. Recent weakness in gold has been driven by shifting expectations that the Fed will delay rate cuts amid persistent inflation concerns. Investors are closely watching upcoming economic data and Fed commentary for further direction on monetary policy. The stronger dollar continues to weigh on dollar-denominated commodities, including gold.