Gold rebounds after Fed rate rise as banks back long-term demand outlook - South China Morning Post

Themis QiPublished: 9:08am, 17 Sep 2026Updated: 4:20pm, 17 Sep 2026Gold prices bounced back after the US Federal Reserve’s interest rate increase, as analysts and investment banks maintained a positive long-term outlook for the metal, citing structural challenges facing the world’s largest economy.Spot gold traded at US$4,326 an ounce at 4pm on Thursday in Hong Kong, up 1.52 per cent since the market opened at noon. The bullion once dived as much as 2.7 per cent to US$4,234 at 3am in Hong Kong, right after the Fed meeting.

The US central bank announced a widely expected 0.25 percentage-point rate rise early on Thursday, its first in three years, with the new Fed chair Kevin Warsh saying inflation had remained “too high for too long”.