Gold price today, Friday, September 18, 2026: Gold hits weekly high as inflation concerns fade

On Friday, September 18, 2026, gold reached a weekly high of $4,439.80 per troy ounce, marking a 0.4% increase from Thursday's closing price of $4,381.60. The upward trend began early in the morning as gold prices broke above $4,400, reaching $4,421.40 by 6:46 a.m. ET. The Federal Reserve's recent rate hike, combined with the restoration of Saudi Arabia's key East-West pipeline, has alleviated inflation concerns among investors, contributing to the price surge.

Meanwhile, oil prices continued to decline, falling to $98.46 per barrel as of 6:39 a.m. ET. Throughout the year, gold has gained 95.6%, with its one-year gain reaching a 24-hour high. Experts suggest varying gold allocations, from 0% to 20%, depending on individual investment goals and risk tolerance. Some advocate for physical gold or ETFs to protect wealth against inflation, while others recommend investing in gold mining companies through mutual funds.