Gold Prices Remain Stable After Fed Rate Hike on September 17, 2026
On Thursday, September 17, 2026, gold prices showed relative stability following the Federal Reserve's decision to raise interest rates for the first time in three years. Gold futures opened at $4,301.40 per troy ounce but later rose slightly to $4,354.60 by mid-morning ET. Investors had already priced in a rate hike earlier this week, which contributed to gold's steadiness despite the increase. The price of oil also saw movement as it dropped below $100 a barrel after news that Saudi Arabia’s East-West pipeline would soon be restored. Gold prices have remained within the $4,300 range throughout the week and showed year-over-year growth of 15.4% compared to this time last year. Market participants are assessing whether the Fed's rate hike will effectively address inflation concerns or if further action may still be needed.
Topics: fed_rate_hike gold oil