Gold Market
Gold is trading just below $4,150, little changed on Monday, as the US dollar rallies to its strongest level since April 2025. Disappointing US jobs data and geopolitical tensions are pulling the metal in opposite directions.
Gold is heading for its second straight weekly drop, pressured by a stronger US dollar and higher bond yields. Traders are focused on upcoming payroll data for clues on Federal Reserve policy.
Gold fell 0.6% to $4,154.78 an ounce, heading for a second weekly decline as a stronger US dollar and elevated Treasury yields pressured bullion.
Gold briefly spiked above $4,200 on soft PCE data but quickly reversed, leaving the metal near its year-low. We examine the short-term headwinds and why the longer-term picture still favours higher prices.
Gold stabilises near $4,154 after Monday's sharp decline, with traders weighing further Fed rate hikes and ongoing Middle East tensions that keep oil prices elevated.
Gold fell sharply to a seven-week low, pressured by rising oil prices, a firmer dollar and higher Treasury yields. Silver, platinum and palladium also declined.
Gold fell roughly 2% on Monday as it challenged the $4,200 support level. The decline was driven by geopolitical tensions and rising expectations of a Federal Reserve rate hike, which supported the US dollar.
Gold held firm near $4,280 on Friday, recovering from a two-day decline as lower oil prices and a softer dollar countered pressure from elevated Treasury yields and Fed tightening bets.
Silver dropped nearly 3% on Wednesday as a hawkish Fed pushed the dollar to a two-month high. Despite the sell-off, the metal remains within its mid-August range, though the 4-hour chart shows growing bearish pressure.