Gold Rebounds After FOMC

Gold prices strengthened again during Thursday's trading (Sept 17) after briefly touching a six-week low. Spot gold rose approximately 0.8% to the US$4,295 per troy ounce range as investors began buying at lower prices following the sharp post-FOMC sell-off.

Earlier, the Federal Reserve raised interest rates by 25 basis points to a range of 3.75%–4.00%. Fed official Kevin Warsh also emphasized that inflation remains too high, while the majority of officials signaled the possibility of further rate hikes before the end of 2026.

The Fed's hawkish stance pushed the dollar index toward a seven-week high and lifted the two-year US Treasury yield to around 4.72%. These conditions continue to act as a headwind for gold; a stronger dollar makes the precious metal more expensive for buyers using other currencies, while rising yields increase the appeal of interest-bearing assets.

Gold price at the time of this analysis: $4,316

- Buy if the price moves to $4,305

- Sell if the price moves to $4,325

Resistance 2: $4,345

Resistance 1: $4,333

Support 1: $4,300

Support 2: $4,293

Note: This article is analytical in nature and does not constitute definitive advice. Please consider the impact of fundamental and technical developments on trading before making any investment decisions.

Source: Newsmaker.id