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After the Federal Reserve raised interest rates, gold prices didn't fall—they actually rose. Who is the mysterious buyer of gold?

World Gold brief based on reporting by富途牛牛
Brief

Reported by 富途牛牛: “After the Federal Reserve raised interest rates, gold prices didn't fall—they actually rose. Who is the mysterious buyer of gold?”. Gold settled at $4,384 an ounce on September 21, 2026 — $140.95 per gram, -0.93% on the day. The story touches the United States: we track local prices and customs flows for those.

Why it matters

Official-sector buying or selling changes physical demand and long-term market expectations. Persistent purchases can support the market, but do not guarantee an immediate price increase.

Transmission channels
  • official reserves
  • physical demand
  • currency confidence
  • long-term expectations
What to watch next
  • next reserve disclosure
  • net purchase volume
  • geographic breadth
  • reserve and import data: the United States
Methodology and transparency

This World Gold brief is based on the headline and available metadata. We do not reproduce the publisher's article or add unverified details. The price on the date of the report is our own data: the daily COMEX futures settlement, converted to grams at 31.1035 g per troy ounce.

Read the full report at the original publisher富途牛牛
Data on this topicGold price and reserves in United StatesGold price today by currency
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