Gold heads for weekly decline as dollar firms, Fed rate outlook weighs
Spot gold fell 2% this week as traders priced in higher-for-longer U.S. rates after the Federal Reserve raised borrowing costs by a quarter point.
- 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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21 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.
The Economic Times
Business TimesGold heads for weekly decline as dollar firms, Fed rate outlook weighs
On Friday, gold prices experienced a drop, marking a downward trend for the week due to a robust dollar and ongoing forecasts of elevated interest rates. Spot gold fell by 0.2%, while US gold futures saw a slight uptick. Officials from the Fed suggested that interest rate hikes might be necessary to combat inflation, although new unemployment claims remained at near historic lows, highlighting a resilient labor market.
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