Gold & Precious Metals Corner · The Market Wrap https://market-wrap.com/gold/ The precious metals complex daily — mine to vault: the miners and streamers, central banks and bullion flows, silver and the PGMs, plus the day's best-argued posts from the gold crowd. en-us Gold chops in a $4,310–4,380 band as Hormuz diplomacy and a hawkish Fed pull it in opposite directionshttps://market-wrap.com/gold/2026-09-22/https://market-wrap.com/gold/2026-09-22/Tue, 22 Sep 2026 12:00:00 GMTSpot gold eased through Tuesday's session, dipping under $4,310 at one point before steadying near $4,330–4,360, as reports that Iran offered to reopen the Strait of Hormuz within… Gold gives back part of Friday's weekly gain as the Middle East, not the Fed, sets Monday's tonehttps://market-wrap.com/gold/2026-09-21/https://market-wrap.com/gold/2026-09-21/Mon, 21 Sep 2026 12:00:00 GMTSpot gold closed Friday near $4,380 (a one-week high, and its first weekly gain in four weeks) before slipping roughly 0.3–0.5% in Monday trade to about $4,354–4,362, with silver… Gold and silver round-trip the Fed's first hike in three yearshttps://market-wrap.com/gold/2026-09-18/https://market-wrap.com/gold/2026-09-18/Fri, 18 Sep 2026 12:00:00 GMTThe Federal Reserve raised its policy rate 25bp to 3.75–4.00% on Wednesday in a unanimous, hawkish vote (its median year-end rate projection lifted to 4.1% from 3.8%), and gold… Gold and silver claw back most of Wednesday's Fed-hike losses as yields ease and oil coolshttps://market-wrap.com/gold/2026-09-17/https://market-wrap.com/gold/2026-09-17/Thu, 17 Sep 2026 12:00:00 GMTSpot gold rebounded to $4,310.80 (+1.12%, +$47.80) Thursday, recovering roughly half of Wednesday's post-hike slide to a six-week low near $4,240 after the FOMC's unanimous 25bp… The Fed hikes for the first time since 2023, then a hawkish Kevin Warsh erases the day's gains in gold and silver within half an hourhttps://market-wrap.com/gold/2026-09-16/https://market-wrap.com/gold/2026-09-16/Wed, 16 Sep 2026 12:00:00 GMTThe FOMC voted 12-0 to raise the federal-funds rate 25bp to 3.75–4.00%; going into the 2pm ET announcement, December gold futures had settled at $4,387.50 (+1.26% on the session)… Gold slides to a six-week low as the Fed's two-day meeting opens and the dollar/yield combination does the drivinghttps://market-wrap.com/gold/2026-09-15/https://market-wrap.com/gold/2026-09-15/Tue, 15 Sep 2026 12:00:00 GMTSpot gold fell to $4,263 (-1.2% on the session), per USAGOLD's daily report, extending Monday's slide from the low-$4,400s; silver eased to $62.82 (-0.7%), while platinum and… Oil spikes on a Saudi pipeline strike and a new Hormuz tanker attack, but the Fed — not the Gulf — drives gold and silver lowerhttps://market-wrap.com/gold/2026-09-14/https://market-wrap.com/gold/2026-09-14/Mon, 14 Sep 2026 12:00:00 GMTDrone strikes forced Saudi Arabia's East-West Crude Oil Pipeline offline on September 10–11, and a further tanker attack near the Strait of Hormuz followed on Sunday, September… A hot core CPI print does the opposite of what the textbook says: gold and silver both whipsaw higherhttps://market-wrap.com/gold/2026-09-11/https://market-wrap.com/gold/2026-09-11/Fri, 11 Sep 2026 12:00:00 GMTAugust headline CPI came in as expected at 0.4% on the month (3.4% year-on-year, with gasoline up 3.9% and energy up 16.3% y/y on Middle East-driven crude), but core CPI ran a… A hot PPI print does what Tuesday's Iran strikes couldn't: it knocks gold and silver both down togetherhttps://market-wrap.com/gold/2026-09-10/https://market-wrap.com/gold/2026-09-10/Thu, 10 Sep 2026 12:00:00 GMTAugust producer prices rose 0.4% on the month and 5.4% year-on-year — a tenth above forecast, with a 4.2% energy jump doing much of the work — and traders responded by pushing the… Gold chops around $4,370–4,400 as US strikes on five Iranian tankers barely move the needlehttps://market-wrap.com/gold/2026-09-09/https://market-wrap.com/gold/2026-09-09/Wed, 09 Sep 2026 12:00:00 GMTUS forces destroyed five Iranian crude carriers in the Gulf of Oman and near Kharg Island on September 8, and Brent briefly topped $100 for the first time in six weeks, yet gold’s… Gold slides to a two-week low as Fed-hike odds firm and Iran tensions flare againhttps://market-wrap.com/gold/2026-09-08/https://market-wrap.com/gold/2026-09-08/Tue, 08 Sep 2026 12:00:00 GMTSpot gold fell to roughly $4,368/oz, down about 0.8% on the day, its weakest print in two weeks, as fresh escalation around Iran-linked shipping strikes pushed oil back toward… Gold slips below $4,400 into a thin, holiday sessionhttps://market-wrap.com/gold/2026-09-07/https://market-wrap.com/gold/2026-09-07/Mon, 07 Sep 2026 12:00:00 GMTFutures extended Friday's slide on Monday — US markets closed for Labor Day — after August payrolls jumped 162,000 versus roughly 56,000 expected, pushing the market-implied odds… Gold sits high into the jobs printhttps://market-wrap.com/gold/2026-09-05/https://market-wrap.com/gold/2026-09-05/Sat, 05 Sep 2026 12:00:00 GMTDecember futures opened Friday near $4,522/oz, off 0.4%, ahead of a payrolls number that ultimately came in hawk-friendly — in a year that already stamped January's $5,597 record…