

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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