Goldify Pro
Live Gold Rates & Tools
On this day — September 25, 2023
Monday — typically a high-volume trading day as markets digest weekend news. Asian gold imports often see Monday surges in major demand countries.
Day 268 of 365 · Q3 2023 · 73.4% through the year
September 2023 gold market: Autumn low as yields hit multi-year highs
BearishMulti-year-high yields and a strong dollar marked the autumn low.
Gold fell toward $1,850–$1,870 in September as the Federal Reserve reinforced its higher-for-longer message and 10-year yields surged toward 4.6%, a multi-year high. A strong dollar compounded the pressure.
What drove gold in September 2023
- Fed higher-for-longer guidance
- 10-year yields near 4.6%
- US dollar strength
- ETF outflows
Key events in September 2023
- Sep 20Fed signals higher-for-longer; gold heads toward $1,850
What happened next
The October 7 war shock abruptly reversed gold's slide.
For gold buyers
September's low near $1,850 was the year's best entry point — set just days before war reignited safe-haven demand.
Related months to read