Gold Steadies as Investors Bet on
Prolonged High Interest Rates

Tokyo, 23 Sep 2026 (ONA) — Gold
prices steadied today as investors assessed the likelihood that major central
banks will keep interest rates elevated for longer in a bid to curb persistent
inflation.

Spot gold held firm at $4,356.92 per
ounce, while US gold futures for December delivery rose 0.4 percent to
$4,394.90.

The Federal Reserve last week raised
its benchmark interest rate by 25 basis points to a range between 3.75 and four
percent, signalling the possibility of another increase before the end of the
year.

The Bank of Japan and the European
Central Bank have likewise raised interest rates in recent times. Although gold
is traditionally regarded as a hedge against inflation, its appeal tends to
wane when interest rates rise.

Among other precious metals, spot
silver rose 0.4 percent to $67.37 per ounce, platinum climbed 0.3 percent to
$1,837.80, and palladium gained 0.3 percent to $1,311.40.

— Ends/Khalid