# Gold prices suffer worst single-session decline since July - MarketWatch

> Gold settled below $1,300 an ounce after the Fed signaled a likely rate hike before year-end, posting its largest one-day percentage drop since early July. December gold fell $21.60 to $1,294.80, the lowest close since August 24.

- Date: 2017-09-21 · published 2017-09-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68880-gold-prices-suffer-worst-single-session-decline-since-july-marketwatch
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Hawkish Fed signals lift the dollar and raise the opportunity cost of holding non-yielding assets, a pattern that spills into broader commodity sentiment; the direct link to feed prices is weak.

## Sources

- marketwatch.com: http://www.marketwatch.com/story/gold-prices-suffer-worst-single-session-decline-since-july-2017-09-21

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.