Gold drops below $4,300/oz as Fed votes 12-0 in favor of rate hold, but nearly half of policymakers see a rate hike in 2026

The Fed voted 12-0 to hold rates at the first meeting under Chair Kevin Warsh, and gold fell below $4,300 an ounce. The new projections showed nearly half of policymakers expect a rate hike in 2026.

The Fed said inflation remains elevated relative to its 2% goal.