Gold (GC=F) December futures opened at $4,333 per troy ounce on Wednesday, September 16, 2026, remaining unchanged from Tuesday’s close. Gold climbed to $4,389.40 per troy ounce shortly after 6:38 a.m. ET.
Gold prices have held steady in the $4,300 range throughout the week as investors await this afternoon’s Federal Reserve rate decision. A rate hike would mark the first increase in three years.
According to CME Group’s FedWatch, the probability of a 25‑basis‑point rate increase now stands at 92.5%, unchanged from yesterday. Market expectations have risen from 86.5% on Monday to 69.4% on Friday.
Higher interest rates act as a headwind for precious metals and cryptocurrencies because these assets do not yield interest.
Fed meeting live updates: Anticipation builds with the Fed expected to raise interest rates for the first time in three years.
Current price of gold
Gold futures opened flat on Wednesday, September 16, 2026, compared to Tuesday’s close. Below is a snapshot of the price movement over the past week, month, and year:
- One week ago: -1.5%
- One month ago: -1.7%
- One year ago: +16.5%
For context, gold’s one‑year gain reached 95.6% on January 29.
24/7 gold price tracking: Don’t forget you can monitor the current price of gold on Yahoo Finance around the clock, seven days a week.
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