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Gold holds above $4,300 as US housing market shows fragility amid Fed rate hikes

Market News
17 Sep 2026
Kitco
View Source
Neutral
Gold holds above $4,300 as US housing market shows fragility amid Fed rate hikes

Gold prices remain strong above $4,300 an ounce as the US housing market shows signs of weakness. The Pending Home Sales Index rose slightly by 0.3% in August, beating expectations, but the overall market remains fragile with a 4.7% annual decline. The Federal Reserve's recent 25 basis point rate hike and signals of continued tightening to curb inflation are contributing to economic uncertainty. This fragility in housing could sustain safe-haven demand for gold going forward.

Gold price movements are shown here with Pluang market data as of Sep 17, 2026 21:21 WIB. Of 150 priced US stocks tradable on Pluang, 102 rose and 46 fell today. Notable movers include PLUG at USD 2.15 with a 1-day change of +6.68%, ASX at USD 40.03 up +5.48%, and MRVL at USD 242.28 up +5.47%.

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