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Gold holds steady above key support despite stronger-than-expected US manufacturing data.

Market News
17 Sep 2026
Kitco
View Source
Bullish
Gold holds steady above key support despite stronger-than-expected US manufacturing data.

Gold prices remain stable above important near-term support levels even as the US manufacturing sector shows unexpected resilience, according to the Philadelphia Fed's September survey. The manufacturing index came in at 37.8, higher than the anticipated 31.3, indicating ongoing regional manufacturing growth. Despite this positive economic data, gold continues to recover from a recent selloff following the Federal Reserve's 25 basis point rate hike and signals that inflation control efforts will continue. Spot gold traded up over 2% on the day, reflecting cautious optimism in the market.

Gold prices and the US manufacturing sector are noted here with Pluang's market data as of Sep 17, 2026 18:51 WIB: Among 150 US stocks tradable on Pluang, 132 rose and 18 fell today. Notable movers include MSI (Motorola Solutions Inc) at USD 474.97 with a +3.14% change, INTC (Intel Corp) at USD 104.20 with a +3.12% change, and GFI (Gold Fields Limited) at USD 43.24 with a +3.05% change. The most notable figure is MSI's 3.14% price increase.

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