G

Goldify Pro

Live Gold Rates & Tools

On this day — September 26, 2023

Tuesday — a normal trading day. Tuesday is also when the CFTC publishes Commitments of Traders data for the prior week, often producing intraday movement.

Day 269 of 365 · Q3 2023 · 73.7% through the year

September 2023 gold market: Autumn low as yields hit multi-year highs

Bearish

Multi-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
Themes#Fed policy#rising yields#US dollar strength

Key events in September 2023

  1. 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

Sep 26 across the years — 20202021

-5.3% over 1 years
20202021
YearSep 26 closevs prior
Sep 26, 2021$1,760.91-5.31%View
Sep 26, 2020$1,859.70View
Each row is the verified XAU/USD spot close for Sep 26 of that year. Click any row to open the full daily archive (with country tables for Sep 26, 2020+).