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Gold Prices Rise On Softer Dollar And Yields As Federal Reserve Outlook Remains In Focus
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News18•09-10-2026, 08:29
Gold Prices Rise On Softer Dollar And Yields As Federal Reserve Outlook Remains In Focus
- •Spot gold rose 0.9 percent to $4,169.32 per ounce after hitting a two-month low on Wednesday.
- •A weaker US dollar and slipping benchmark 10-year Treasury yields boosted the appeal of bullion.
- •Traders are closely watching upcoming economic data and Federal Reserve policy clues ahead of the October meeting.
- •St. Louis Fed President Alberto Musalem stated that the central bank may need to hike rates again to combat inflation.
- •Other precious metals also saw gains, with spot silver rising 1.1 percent, platinum up 2.2 percent, and palladium climbing 2.1 percent.
Key Questions Answered
Gold firmed as a softer US dollar and easing Treasury yields boosted bullion’s appeal, while market players weighed inflation concerns and the Federal Reserve outlook.
Traders are pricing in an 18% chance of a rate hike in October, according to CME’s FedWatch tool.
President Donald Trump stated that the US will not launch an attack on Iran before November’s US midterm congressional elections, asserting that both countries are engaged in productive talks about ending the conflict.
