Gold prices surged on Thursday, September 3, 2026, after the U.S. Federal Reserve opted for a 25 basis point hike, boosting the dollar. The precious metal climbed by 0.86% on the day, retracing to around the $1,700 per ounce. Silver also rose, hitting $15, supported by industrial demand. The Fed's move against inflation increased volatility in the gold market, ANZ analysts reported. Gold prices surged on Thursday, September 3, 2026, after the U.S. Federal Reserve opted for a 25 basis point hike, boosting the dollar. The precious metal climbed by 0.86% on the day, retracing to around the $1,700 per ounce. Silver also rose, hitting $15, supported by industrial demand. The Fed's move against inflation increased volatility in the gold market, ANZ analysts reported. Gold prices surged on Thursday, September 3, 2026, after the U.S. Federal Reserve opted for a 25 basis point hike, boosting the dollar. The precious metal climbed by 0.86% on the day, retracing to around the $1,700 per ounce. Silver also rose, hitting $15, supported by industrial demand. The Fed's move against inflation increased volatility in the gold market, ANZ analysts reported.