Gold prices surged in the pre-market session, rebounding sharply after an initial dip following the Federal Reserve's widely anticipated 0.25% interest rate increase. While higher rates are typically a headwind for non-yielding bullion, the move was largely priced in by the market. Investors appear to be looking past the hawkish signal of potential future hikes, focusing instead on the fact that the decision is now in the past. The rebound was also supported by a stall in the recent oil price rally.