YLG Sees Gold Likely to Consolidate, Eyes Fed Rates

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Summary · why it matters

YLG Bullion International Company Limited issued its gold price trend analysis report for September 22, 2026, stating that gold prices have still not been able to break through the 4,399-4,403 dollar area, suggesting another consolidation may occur, with first support at 4,343 dollars and then 4,318-4,300 dollars respectively. It recommends opening long positions when prices pull back without breaking below 4,343 dollars; if that level breaks, delay buying until 4,318-4,300 dollars, and cut losses on long positions if prices break below 4,234 dollars. Meanwhile, profit-taking on shorts can be done if prices fail to pass 4,399-4,403 dollars. Yesterday, gold closed down 36.50 dollars after the dollar strengthened, responding to an 88% chance that the US central bank will raise interest rates again in December. Several Fed officials have signaled a more hawkish stance, with Neel Kashkari stating that inflation is too high in many sectors, not limited to oil prices. Alberto Musalem views that the Fed may need to raise rates further to curb inflation from both strong demand and a commodity shock, and pointed out that action should be taken quickly. Austan Goolsbee warned that inflationary pressures may broaden from the effects of tariffs and energy to wider demand, which could force the Fed to accelerate the pace of rate hikes.

Impact on assets 3

Others▲ · 2 stocks
％Effective Federal Funds Rate
EFFR
▲ PositiveMonetaryrelevance

Fed officials signal a more hawkish stance and an 88% chance of another December rate hike, implying a higher effective federal funds rate.

Others▼ · 1 stocks
⛏Gold Futures
GOLD
▼ NegativeMonetaryrelevance

Gold fell $36.50 as the dollar strengthened on hawkish Fed rate-hike expectations, and YLG sees further consolidation.

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