Gold price retraces as Fed hawks keep the US Dollar bid

Gold price retreats on Monday, down over 0.6% following last week’s Federal Reserve (Fed) interest rate hike. That 25 bps hike initially pushed US bond yields higher, but the US Dollar Index (DXY) has recovered some ground on Monday despite Treasury yields falling in the back half.

Gold impact rationale

Rising rate-hike or hawkish expectations increase gold's opportunity cost.

• Source: FXStreet news
• 2026-09-21
• rates
• yields

Topics: gold news, gold price impact, rates, yields