Gold falls $100 after Fed rate hike

Following the U.S. Federal Reserve's decision to raise interest rates by 25 basis points, gold prices declined by $100 per ounce, from $4,365 to $4,265, influenced by rising yields and investor expectations regarding the trajectory of monetary policy. This move comes amid ongoing inflation exceeding the 2% target, with the Consumer Price Index rising by 0.4% in August and an annual inflation rate of 3.4%. The decision reflects the challenges the Fed faces in controlling inflation amid rising energy prices, with cautious outlooks for monetary policy in the near future.

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