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The Fed Hiked. Gold Fell. Now The Real Test Begins.

Sep 17, 2026, 11:55 AM EDT

Jan Skoyles takes us through Chair Kevin Warsh’s unanimous hike, the Fed dot plot signalling rates above 4% into 2028, PCE inflation at 3.7% with no return to 2% until 2029, the near 3-point gap with the White House 1% target, Treasury yields near 5%, and oil above $100.

She maps three paths for bullion: renewed pressure from a stronger dollar and higher real yields, stabilisation as the market looks beyond the hiking cycle, and the paradox outcome where gold rises even as policy stays tight.

Covered in this video:

  • Why gold fell toward $4,240 then reclaimed $4,300 after the hike
  • What the 2026 – 2028 dot plot at 4.1% signals for real yields and the dollar
  • White House vs Fed: 1% call vs 4%+ plan, and pressure on Treasury funding
  • Oil relief via Oman bypass vs pipeline risk at $108 – $120
  • 3 scenarios for gold, silver, platinum and palladium into year-end

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