03 October 2022 г.
For the third quarter, gold prices lost 10% and are now around $1,630 per troy ounce. The fall of the precious metal accelerated in August-September amid tightening of the Fed's monetary policy, the strengthening of the dollar and the growth in yields of US government bonds (Treasuries). Since the beginning of the year, gold has lost about 11% in price.
Fed policy. In the third quarter, the Fed continued its policy of tightening monetary policy. In September, the interest rate was raised by 0.75 percentage points, to 3–3.25%, for the third time in a row in 2022.