Gold rises to $4,307 amid Fed rate hike aftermath

PSX Update • Sep 17, 2026

Gold edged higher on Thursday as markets weighed the U.S. Federal Reserve's latest rate hike and signals that more tightening could be on the way, even as an earlier surge in oil prices began to fade.

September 17, 2026 (MLN): Gold edged higher on Thursday as markets weighed the U.S. Federal Reserve's latest rate hike and signals that more tightening could be on the way, even as an earlier surge in oil prices began to fade. Currently, spot gold is up 0.25% to $4,307.36  an ounce as of [11:21 am] PST, according to data reported by Mettis Global. Crude oil retreated further after reports that Saudi Arabia was...