{
  "id": 8083937,
  "title": "Gold shrugs off Fed hike as falling yields reopen path to $4,400",
  "url": "https://urgent.news/2026/09/17/gold-shrugs-off-fed-hike-as-falling-yields-reopen-path-to-4-400",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T18:58:44.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/gold-shrugs-off-fed-hike-as-falling-yields-reopen-path-to-4-400-202609171858"
  },
  "original_language": "en",
  "account": "On Thursday, gold prices surged by more than 2%, reaching $4,361 after the Federal Reserve's rate hike. The rise was fueled by falling oil prices, which pushed down US yields and the US Dollar. The XAU/USD pair broke through the 100-day Simple Moving Average of $4,320, prompting investors to target the $4,400 level. The Middle East conflict de-escalation also contributed to the metal's rise. West Texas Intermediate crude oil prices dropped by 0.16%, negatively impacting the greenback due to its positive correlation. The US Dollar Index (DXY) fell by 0.12% to 100.22, while US Treasury yields decreased by 7 basis points to 4.949%. Fed Chair Kevin Warsh stated that inflation has been persistently high for too long, prompting the Fed to raise rates by 25 basis points to the 3.75%-4% range. The Federal Reserve's dot plot indicates that another rate increase is expected by the end of 2026. The Personal Consumption Expenditures (PCE) price index is projected to stay at 3.7% this year, moving towards the Fed's 2% target by 2028. Money markets predict a 53% chance of another rate hike at the October meeting. Analysts are optimistic about gold's short-term recovery, with a bullish engulfing candle pattern forming. Gold's first resistance is at $4,400, followed by $4,450 and $4,500. A break above $4,500 could pave the way for further gains, with the 200-day SMA at $4,540 as the next target. If gold falls below the 100-day SMA of $4,323, it may continue its downward trend, reaching the 50-day SMA at $4,283 and the July 6 high-turned support at $4,202. Gold has historically functioned as a store of value and hedge against inflation and currency depreciation, often held by central banks due to its inverse correlation with the US Dollar and US Treasuries.",
  "summary": "Gold (XAU/USD) rallies on Thursday, up by more than 2% as investors digest the latest rate hike by the Federal Reserve (Fed), while a fall in Oil prices pushed the US Dollar and US yields lower.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}