Commodities
Gold Prices Rise After Bank of England Holds Interest Rates Steady
Gold prices have surged after the Bank of England kept interest rates steady at 3.75% in its September meeting. The central bank cited ongoing inflation pressures and the impact of the war in Iran on global energy markets as reasons for this decision.
The move has led to a modest increase in gold prices, with spot gold rising by 1.58% against the British pound and 1.48% globally.
Gold's recent market context includes a broad positive trend in US stocks, with 134 out of 150 stocks rising as of September 17, 2026. Notable movers include Moderna (MRNA) up 4.38% at USD 152.00 and FuelCell Energy (FCEL) up 3.87% at USD 16.10.