Gold jumps 2.31% as US session absorbs Fed hike
XAUTicker showed spot gold at $4,361.28, up $98.53 on the session, after a range of $4,257.88 to $4,380.22.
Gold finished the session higher in US hours, with XAUTicker showing spot gold at $4,361.28 per troy ounce, up $98.53, or 2.31%, from the previous close of $4,262.75. The session range was $4,257.88 to $4,380.22, leaving the metal near the upper end of the day’s trade. Silver outpaced gold, with XAUTicker showing spot silver at $65.76, up 4.45%, and the gold/silver ratio at 66.3.
Continued from the morning edition of 17 September 2026. Prices below are frozen at publication — the live gold price has the current figure, and this guide covers what tends to move it.
Fed hike sets the backdrop
The day’s main macro story remained the Federal Reserve. Business Record reported that the Fed increased interest rates by 0.25 points, while 41NBC News and centraljersey.com described it as the first rate increase since 2023. 조선일보 reported that the Fed raised rates to 3.75–4.00%, and Mexico Business News said the move narrowed the spread with Banxico’s 6.50% rate. Axios framed the issue around why the Fed hiked this week, while FXStreet cited UOB as seeing two more hikes as inflation stays too high.
- Federal Reserve increases interest rates by 0.25 points Business Record
- Federal Reserve raises interest rates for first time since 2023 41NBC News
- Why the Federal Reserve hiked rates this week Axios
- Federal Reserve Raises Rates to 3.75–4.00%, First Hike in Three Years 조선일보
- Fed Hikes Rates to 4%, Narrowing Spread With Banxico’s 6.50% Rate Mexico Business News
- Federal Reserve: Two more hikes seen as inflation stays too high – UOB FXStreet
Metals rebound into the close
Several gold-focused headlines described a rebound after the Fed move. KITCO reported that gold and silver rose as yields eased after Warsh’s Fed hike, and later said gold rose as traders reassessed positions after the rate decision while the oil rally eased. FXEmpire said the rally reclaimed the 50-day EMA as yields eased, while tradersunion.com reported that XAU rallied as US Treasury yields slipped below 5%. Anadolu Ajansı also reported that gold and silver rebounded as an easing oil rally tempered inflation concerns.
- Gold Price Forecast: Rally Reclaims 50-Day EMA as Yields Ease FXEmpire
- Gold, silver rise as yields ease after Warsh’s Fed hike - Kitco AM Report KITCO
- Gold rises as traders reassess positions after Fed rate hike, oil rally eases KITCO
- XAU rallies as US Treasury yields slip below 5% tradersunion.com
- Gold, silver rebound as easing oil rally tempers inflation concerns Anadolu Ajansı
ETF demand stays in focus
ETF flows were another theme in the headlines. Pluang reported that North American gold ETF buying jumped from $71 million to $7.7 billion in August amid rising real yields. Yahoo Finance used the same figures and asked whether GLDM can hold up, while Crypto Briefing described North American gold ETF buying as surging to $8 billion in August as investors fled to safety. Business Insider Africa reported that Zambia is targeting $1 billion from five new listings as its first gold ETF nears launch.
- Zambia targets $1 billion from five new listings as first gold ETF nears launch Business Insider Africa
- North American gold ETF buying jumps from $71M to $7.7B in August amid rising real yields. Pluang
- North American gold ETF buying surges to $8B in August as investors flee to safety Crypto Briefing
- North American Gold ETF Buying Jumped From $71 Million to $7.7 Billion in One Month. Can GLDM Hold Up? Yahoo Finance
Forecast headlines turn technical
Technical and forecast headlines stayed cautious about follow-through. FOREX.com said an XAU/USD breakout needs confirmation. tradingnews.com reported that XAU/USD held a $4,230 floor after the Fed hike and put a $4,430 target in focus. FXStreet said gold recovered after a Fed-led sell-off, but that a hawkish outlook capped gains. USAGOLD reported that physical gold rebounded to $4,311 as buyers absorbed the Fed’s first hike since 2023, with silver up 2.9%. Moneycontrol.com said gold rebounded sharply above $4,366 after the Fed shock.
- Gold forecast: XAU/USD breakout needs confirmation FOREX.com
- Gold Price Forecast — XAU/USD ($4,310) Holds $4,230 Floor After Fed Hike — $4,430 Target in Focus tradingnews.com
- Physical Gold Rebounds to $4,311 as Buyers Absorb the Fed’s First Hike Since 2023; Silver Up 2.9% usagold.com
- Gold rebounds sharply above $4,366 after Fed shock: Surges nearly 3% from day’s low — can the rally... Moneycontrol.com
- Gold recovers after Fed-led sell-off, but hawkish outlook caps gains FXStreet
What to watch
- Whether Fed-related yield moves remain central to gold headlines.
- Whether FOREX.com’s breakout-confirmation theme carries into the next session.
- Whether ETF-flow headlines keep drawing attention after reported August buying.
- Whether silver continues to outpace gold in the live XAUTicker data.