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Gold Jumps 2.3 Percent as Dollar and Oil Prices Decline

By Markets Desk · 2026-09-18 · Updated 2026-09-18 02:48 UTC
A polished, reflective gold bar resting on a dark surface
Illustration: Tradingbird

Spot gold has climbed to approximately $4,357 per ounce, reasserting its position above the $4,300 level as oil prices retreat and the dollar softens. This recovery follows a brief dip and is bolstered by sustained investor inflows into gold ETFs and easing inflation concerns in the wake of the Fed's latest rate decision.

  • According to GN auto markets/commodities data, spot gold is holding firm above $4,300 in Asian trading, supported by a third consecutive day of oil declines and eight straight sessions of ETF inflows. Analysts note that Treasury yields are correcting their previous spike, which has reduced pressure on the precious metal despite the recent Federal Reserve rate hike.

    Source: biggo.com

  • Spot gold climbed 2.3 percent on September 17 to reach 4,360.36 US dollars per ounce. The rally followed a drop to a six-week low the previous day.

    Source: nationthailand.com
Based on reporting by nationthailand.com and biggo.com, compiled by the Tradingbird desk.

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