EconomyGold rebounds after Fed rate rise as banks back long-term demand outlook
Gold prices recovered after the US Federal Reserve raised interest rates, with analysts and investment banks retaining a positive long-term view of the metal amid structural challenges facing the US economy. Spot gold was at US$4,288 an ounce in Asian trading on Thursday after falling as much as 2.7 per cent to US$4,234.
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South China Morning Post★★★☆☆2026-09-17 01:08Original
Gold rebounds after Fed rate rise as banks back long-term demand outlook
Economy