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A detailed close-up of diverse gold bullion coins from different countries.
FORECASTSSEP 20, 2026
Gold Holds Firm as Fed and Bank of Japan Signals Pull Markets in Different Directions
Gold’s recent resilience comes as traders weigh a Bank of Japan rate hike against a Federal Reserve that has just restarted tightening. Market history suggests the metal’s direction has depended more on the Fed’s stance and liquidation pressure than on Japan’s rate decisions alone.