Spot gold reversed from $4,365.57 to $4,240.1 ahead of Fed decision

Spot gold climbed to $4,365.57 on September 16, then fell 1.2% to $4,240.1 by 3:10 p.m. ET, Reuters reported. Gold pays no income, so higher expected U.S. rates make it less attractive versus bonds. I see the reversal as rate jitters outweighing haven buying into the Fed decision.