{"id":619477,"date":"2026-09-18T01:04:12","date_gmt":"2026-09-18T01:04:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/619477\/"},"modified":"2026-09-18T01:04:12","modified_gmt":"2026-09-18T01:04:12","slug":"gold-price-rebounds-above-4340-as-lower-oil-eases-rate-pressure-kitco-pm-report","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/619477\/","title":{"rendered":"Gold price rebounds above $4,340 as lower oil eases rate pressure – Kitco PM Report"},"content":{"rendered":"

(Kitco NewsWire) – Spot\u00a0gold<\/a> and\u00a0silver<\/a> prices are sharply higher in late-afternoon U.S. trading Thursday, as a softer U.S. dollar, lower crude oil prices and easing Treasury yields helped precious metals extend their rebound after the Federal Reserve\u2019s first rate hike in more than 3 years. At the time of writing, spot gold was trading near $4,341.20 an ounce, up 1.83%, while spot silver was trading at $65.12, up 3.59% on the session.<\/p>\n

North American equity markets closed higher as lower oil prices and easing pressure from the bond market helped stocks recover from Wednesday\u2019s post-Fed selloff. The S&P 500<\/a> rose 85.95 points, or 1.1%, to 7,637.76, the Dow Jones Industrial Average<\/a> gained 316.14 points, or 0.6%, to 51,778.04, the Nasdaq Composite<\/a> jumped 439.87 points, or 1.7%, to 26,418.30, and the Russell 2000 rose 15.82 points, or 0.6%, to 2,874.63. European markets also finished higher, with the STOXX Europe 600 up 0.86% to 642.60. London\u2019s FTSE 100<\/a> rose 1.19% to 10,816.14, Germany\u2019s DAX<\/a> gained 0.70% to 25,716.71, France\u2019s CAC 40<\/a> added 0.57% to 8,186.93, and Italy\u2019s FTSE MIB climbed 0.80% to 52,385.50.<\/p>\n

The latest positioning remains defined by the Fed\u2019s Sept. 16 hike, but Thursday\u2019s market action showed the difference between a priced-in hike and a fresh tightening shock. The Fed raised the target range by 25 basis points to 3.75% to 4.00%, and officials\u2019 projections still point to at least one more increase this year. That keeps the medium-term rate backdrop restrictive for gold. However, lower oil and a retreat in Treasury yields changed the day\u2019s trade: the 10-year yield fell to 4.93% from 5.01% late Wednesday, while the dollar eased after its Fed-driven jump. Pending home sales rose 0.3%, a small gain that did not alter the broader view that housing remains under pressure from mortgage rates near 7%. For gold, the day\u2019s message is constructive but conditional: the metal can rally when oil and yields ease, but Fed guidance still caps the upside unless inflation pressure fades further.<\/p>\n

Precious metals recovered because the rates channel finally gave some relief. Gold rose back above $4,300 and moved toward the $4,354 resistance level from the latest technical setup, while silver reclaimed $64.86 and pushed toward the $65.73 to $66.99 resistance band. The rally is not yet a full technical reset. Gold still needs a sustained break above $4,354 to improve the short-term structure, and silver needs to clear the upper end of the resistance band to confirm that the move is more than a post-Fed short-covering bounce.<\/p>\n

The Strait of Hormuz remains the main geopolitical channel into oil, inflation expectations and defensive demand, but Thursday\u2019s market impact came through easing supply fears. Oil fell for a second straight session as Saudi Arabia worked to move additional crude through Oman and investors assessed a faster restoration of East-West Pipeline capacity. WTI settled at $101.91 a barrel, while Brent settled at $104.82. The pullback reduced immediate inflation pressure and helped Treasury yields fall, supporting gold and equities. The conflict remains unresolved, though, and constrained Hormuz flows, Saudi infrastructure risk and Red Sea disruptions keep a geopolitical floor under crude and a background bid under bullion.<\/p>\n

The key outside markets see Nymex WTI crude oil prices lower and trading around $101.91 a barrel, while Brent crude was near $104.82. The yield on the benchmark 10-year U.S. Treasury note is trading near 4.93%. The U.S. dollar index is softer.\u00a0(Kitco Global Index<\/a> shows how much of today’s gold move is the dollar versus the gold market itself.)<\/p>\n

\"Live<\/a><\/p>\n

Technically, spot\u00a0gold<\/a> bulls’ next upside price objective is to push prices back above the $4,354.00 resistance level, with a sustained move targeting $4,403.00 and then $4,434.00. Bears’ next near-term downside price objective is a break below $4,283.00, with deeper downside targets at $4,256.00 and then $4,215.59. First resistance is seen at $4,354.00 and then at $4,403.00. First support is seen at $4,283.00 and then at $4,256.00.<\/p>\n

\"Live<\/a><\/p>\n

Spot\u00a0silver<\/a> bulls’ next upside price objective is to drive prices back above $65.73, with a move above that level targeting $66.99 and then $68.17. The next downside price objective for the bears is a break below $63.44, with deeper downside targets at $62.38 and then $62.06. First resistance is seen at $65.73 and then at $66.99. Next support is seen at $63.44 and then at $62.38.<\/p>\n

See live\u00a0precious metals prices<\/a> for gold, silver, platinum and palladium \u2014 in USD, CAD and 12 more currencies.\u00a0<\/p>\n

<\/a><\/p>\n

Disclaimer:\u00a0The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and\/ or damages arising from the use of this publication.<\/p>\n","protected":false},"excerpt":{"rendered":"(Kitco NewsWire) – Spot\u00a0gold and\u00a0silver prices are sharply higher in late-afternoon U.S. trading Thursday, as a softer U.S.…\n","protected":false},"author":2,"featured_media":619478,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[13286,13278,13282,1152,13277,4404,13280,13279,13281,12858,1247,42,13285,6453,13269,13287,13274,13288,13276,43,13271,13272,13270,13273,238,13275,13284,450,2796,13283,40,38,41,39,7549],"class_list":["post-619477","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-bank-forecasts","tag-bitcoin-news","tag-central-banks","tag-charts","tag-crypto-news","tag-currency","tag-economic-reports","tag-ethereum-news","tag-forecasts","tag-global-economy","tag-gold","tag-headlines","tag-international-policy","tag-interviews","tag-kitco-news","tag-market-nugget","tag-metals","tag-mining-minutes","tag-mining-news","tag-news","tag-palladium","tag-pgm","tag-platinum","tag-platinum-group-metals","tag-politics","tag-precious-metals","tag-rare-earth-metals","tag-roundups","tag-silver","tag-tech-metals","tag-top-news","tag-top-stories","tag-topnews","tag-topstories","tag-us-dollar"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/619477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=619477"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/619477\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/619478"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=619477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=619477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=619477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}