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FedWatch Shows 58.4% Rate Hike Odds as Gold Rises

9/9/2026

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Story summary
  • Spot gold rose 0.1% to $4,407.27 per ounce on September 8.
  • U.S. gold futures for December 2026 fell 0.6% to $4,452.10 per ounce.
  • CME FedWatch Tool gave a 58.4% chance of a Fed rate hike at next week’s meeting.
  • Marex analyst Edward Meir said gold likely will not fall sharply even if rates rise.