Dollar set for weekly gains as yields surge, Fed bets build
- On Friday, September 25, 2026, gold prices eased and headed for a weekly decline, pressured by a stronger dollar and growing expectations that the Federal Reserve will keep interest rates elevated.
- Expectations for higher interest rates firmed after New York Fed President John Williams and Philadelphia Fed President Anna Paulson suggested additional hikes may be needed to curb unacceptably high inflation.
- Spot gold fell 0.2 per cent, while palladium dropped 1.3 per cent and silver slipped 0.5 per cent, with precious metals broadly facing selling pressure across the sector.
- Despite downward pressure, Joshua Rotbart, founder of J. Rotbart & Co., remains positive on gold, noting that "ongoing geopolitical friction and mounting sovereign debt are driving constant demand for safe-haven assets."
- Recent data showed new claims for U.S. unemployment benefits hovered near 57-year lows last week, suggesting the labor market regained momentum while weathering headwinds from the Middle East conflict.
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37 Articles
Global gold and silver prices fell in Friday trading, with both metals on track for weekly declines as the dollar strengthened and U.S. Treasury yields rose.
Gold prices fell today Friday for a weekly decline, affected by the rise in the dollar and increasing expectations that the United States Federal Reserve will keep interest rates high for a longer time, as part of its efforts to reduce inflation.
Dollar set for weekly gains as yields surge, Fed bets build
The dollar has achieved consecutive weekly gains for the first time in over three months, bolstered by rising Treasury yields. Anticipations of additional rate hikes from the Federal Reserve are enhancing the currency's strength against competitors like the euro and sterling. Meanwhile, the Japanese yen falters as market participants scrutinize the Bank of Japan's recent rate decisions.
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