Commodities
Gold Surges to Seven-Session High as Fed Guidance Suggests No December Hike
The gold price in the USA surged to a seven-session high on Friday, September 18, 2026, reaching $142.72 per gram for 24-karat metal and $4,439 per troy ounce.
The unexpected rally was driven not by the Federal Reserve's interest rate increase itself, but by its guidance suggesting that there might not be a follow-up hike in December.
When 16 of 18 FOMC members declined to project a December follow-up, bond yields fell back, and the dollar retreated from its post-decision peak, allowing gold to recover its losses in a single session.