Gold Steadies After Sharp Drop
Deon
September 29, 2026
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Gold steadies near $4,150 after a sharp sell-off as traders assess Fed rate-hike expectations, US yields and Middle East risks.
Gold steadies near $4,150 after a sharp sell-off as traders assess Fed rate-hike expectations, US yields and Middle East risks.
GBP/USD recovers slightly as traders await US JOLTS data, while higher US yields and Bank of England policy expectations shape the pound outlook.
The US Dollar Index approaches the June high near 101.80 as US growth and strong demand for US assets support the dollar.
Scotiabank estimates USD/CAD fair value at 1.4068 as wider US-Canada yield spreads pressure the Canadian dollar and shape the currency outlook.
Read the latest gold forecast and news, including Fed rate expectations, US Dollar moves, Treasury yields, inflation risks and technical levels.
The Australian Dollar holds steady as RBA rate hike expectations support AUD while elevated US Treasury yields limit gains against the US Dollar.
EUR/GBP tests 0.8570 support as rising oil prices pressure the Euro. Traders watch technical levels and UK and Eurozone economic signals.
The US Dollar outlook strengthens as TD Securities expects further Fed rate hikes, with inflation and jobs data shaping the next policy decisions.
US-Iran indirect talks may resume as mediators revisit a seven-day proposal involving the Strait of Hormuz and a possible ceasefire.
Gold falls nearly 3% as rising Fed rate-hike bets, Treasury yields and a stronger US Dollar weigh on XAU/USD ahead of key US data.
AUD/JPY holds near 110.55 as traders await the BoJ rate decision. A potential hike and RBA tightening expectations keep the cross in focus.
Gold consolidates below $4,350 as traders await the Fed decision, with the dollar, Treasury yields and key technical levels driving XAU/USD