Gold retakes $4,300 amid modest USD pullback but hawkish Fed caps upside

Gold (XAU/USD) climbs back above the $4,300 mark heading into the European session on Thursday, though it remains within striking distance of a six-week low touched the previous day. The US Dollar (USD) eases after touching a fresh high since late July and offers some support to the commodity.

Gold impact rationale

Rising rate-hike or hawkish expectations increase gold's opportunity cost.

• Source: FXStreet news
• 2026-09-17
• rates

Topics: gold news, gold price impact, rates