The major US indexes all fell, driven by the Federal Reserve holding interest rates and a tech sell-off fuelled by Microsoft’s stock tumbling. Gold rose past $5,500 an ounce for the first time before retreating as investors sought to take profit. Brent crude oil prices rose about 5pc, rising to over $71 a barrel for the first time since June, when its value came close to $74. 12:05pmGold’s record rally ‘entering dangerous phase’The metals market is entering a “dangerous phase” analysts have warned as gold surged past $5,500 an ounce. Fed chairman Jerome Powell said interest rates look to be “in a good place” for now.