Gold Hits Weekly High as Inflation Concerns Fade
On Friday, September 18, 2026, the price of gold reached a weekly high after opening at $4,381.60 per troy ounce and rising to $4,421.40 by mid-morning ET. This marked a significant move above the $4,400 level for the first time in weeks. The rise follows the Federal Reserve's decision to raise interest rates after three years of no hikes, which has helped ease inflation concerns among investors. Gold prices have remained relatively stable around the $4,300 range since last Friday but surged this week due to improved economic expectations and a decline in oil prices. Brent crude dropped from over $107 per barrel on Wednesday to below $98 by early September 18 as Saudi Arabia restored its key East-West pipeline. Experts remain divided on the optimal allocation of gold within investment portfolios, with recommendations ranging from zero to 20%. Some argue that while gold offers diversification and inflation protection, it may dilute long-term gains in a rising stock market.
Topics: gold inflation interest_rates