- September 17, 2026
- Posted by: Tresmark
- Category:
Gold prices climbed more than 1% on Thursday as investors assessed the Federal Reserve’s latest rate hike and its signal that further monetary tightening could follow.
Spot gold rose 1.1% to $4,310.49 per ounce by 0149 GMT, recovering from a near six-week low reached in the previous session.
The rebound came despite the Fed’s hawkish policy outlook, which typically puts pressure on non-yielding assets such as gold. Investors also monitored the easing momentum in oil prices after the recent rally, reducing some concerns over an extended energy-driven inflation shock.
Markets are also watching the Bank of England, which is expected to keep interest rates unchanged, although higher energy prices have increased expectations of potential further tightening.
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