Gold deepens losses to a four‑week low as the dollar and U.S. yields rise.

Market News · samer saeed · September 2, 2026

Gold deepens losses to a four‑week low as the dollar and U.S. yields rise.

• US dollar expands its gains to the highest level in two weeks

• Treasury yields record the highest level in three years

• Global oil prices hit a six‑week peak due to renewed tensions

• United States and Iran exchange military strikes for the first time in a month

• Strong odds of a US interest‑rate hike in September

• Markets await more important data on the US labor market

• The Revolutionary Guard threatens the United States with “consequences” for the new attacks, while the Iranian Supreme Leader affirmed that Tehran will respond to Washington. US interest rates

• Federal Reserve Board member Michael Barr said on Tuesday that if inflation does not fall quickly, it will be time for the central bank to raise interest rates.

• According to the “Fed Watch” tool of the CME Group: the probability of the Federal Reserve keeping rates unchanged at the September meeting is currently stable at 30%, and the probability of a 25‑basis‑point rate hike is priced at 70%.

• Expectations for gold performance, as we anticipate from “FX News Today”: if US labor‑market data turn out more aggressive than markets expect, the odds of a US rate hike in September will be confirmed, leading to further rises in the dollar and US yields, which in turn will push gold and other precious‑metal prices lower.

• US dollar continues to rise against a basket of global currencies

• US Treasury yields jump to the highest level in three years

• Oil prices expand gains to a six‑week high

• United States and Iran exchange military strikes for the first time in a month

• Markets await new evidence on the trajectory of European rates

• New Zealand Reserve raises its policy rate for the second consecutive meeting

• New Zealand interest rates at their highest level in a year

• New Zealand Reserve acknowledges double‑digit economic activity and a strong labor market

• Anna Breman: timing of the rate hike remains uncertain

• Probability of a New Zealand rate hike in October declines

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