Gold prices could see a mild relief rally if the Federal Reserve raises interest rates by 25 basis points as expected, removing uncertainty. However, if the Fed surprises by holding rates steady, gold could surge significantly, potentially reaching $5,000 per ounce, according to analyst Jesse Colombo. He noted that investors were overly bearish before the recent CPI report, causing a sell-off that was somewhat excessive. Colombo advises caution ahead of the Fed decision but is optimistic about gold's prospects, especially if the price closes solidly above the key $4,400 resistance level, signaling institutional support and a potential strong upward trend in the coming months.
Gold price outlook from Jesse Colombo is notable alongside Pluang's market data as of Sep 16, 2026 01:31 WIB. For readers following US stocks on Pluang, 48 of 150 priced stocks rose while 102 fell today. Notable movers include SNOW at USD 321.39 down 3.30%, GRAB at USD 2.92 down 3.15%, and LI at USD 11.80 down 3.04%.
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