Gold falls 1% after Fed holds rates steady, signals rate hike this year (opens original article in a new tab)

Gold prices fell more than 1% following the Fed's decision to keep rates steady while indicating potential rate hikes this year, with U.S. gold futures rising slightly. The dollar strengthened, making gold more expensive for overseas buyers, and markets now expect a higher probability of a December rate hike.

• Gold prices dropped over 1% after the Fed held rates steady but signaled a potential rate hike this year
• U.S. gold futures rose 0.6% to $4,381.40
• Markets now have a 78% chance of a December rate hike compared to 61% before the Fed decision