Wall Street Goes Bullish on Gold After Post-Hike Rally, Metal Holds Near $4300

Gold prices rebounded after a volatile week, opening at $4340 per ounce and dropping to a low of $4261.80 following the Fed's 25 basis point hike to the 3.75%-4.00% range. Recovery followed as oil prices and Treasury yields eased, pushing the metal to a weekly high of $4400.60 before settling near $4377.