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Gold trades flat as stronger US Dollar offsets easing Fed rate-hike bets
Gold (XAU/USD) (XAU/USD) lacks clear directional momentum on Monday. A stronger US Dollar and elevated US Treasury yields cap the upside, while easing Federal Reserve (Fed) interest-rate hike bets cushion the downside. At the time of writing, XAU/USD trades around $4,142, little changed on the day.
Why is the US Dollar rising despite October Fed hike odds fading?
The US Dollar Index (DXY) is testing fresh yearly highs near the 102.50 zone, powered by independent Euro (EUR) weakness and relative resilience in the Federal Reserve's (Fed) rate path.
Brazilian Real: Election surprise supports BRL against US Dollar – ING
ING’s Chris Turner says Brazilian assets are set to rally after Sunday’s presidential vote, where Flavio Bolsonaro secured 47% versus President Lula’s 45%. He expects markets to assume remaining votes lean Bolsonaro, sees currency and bonds benefiting from his fiscal austerity and deregulation agenda, and projects USD/BRL opening near 5.10, with a return to 4.90 seen as too aggressive.
US Dollar: Volatility-driven support into year-end – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong highlight that the US Dollar (USD) has started Q4 2026 on a firm footing, supported by resilient United States (US) growth and hawkish Federal Reserve (Fed) risks.
Gold Price Forecast: XAU/USD languishes below $4,200 amid high US yields
Gold (XAU/USD) trims some losses on Monday but remains trapped within previous ranges, with upside attempts limited below $4,200 and with two-month lows of $4,110 at a short distance.
Swiss Franc: Tight range expected against US Dollar - UOB
United Overseas Bank (UOB) strategist Quek Ser Leang notes USD/CHF reversed sharply from 0.8382 to close at 0.8286, with intraday price action expected to edge lower toward 0.8245 while staying above 0.8225.
CEE FX: Hawkish holds and cautious easing path – Societe Generale
Societe Generale strategists expect a hawkish hold from Poland’s National Bank of Poland (NBP) at 3.75% and no change from Romania’s central bank NBR at 6.50%, as inflation and political uncertainty constrain policy flexibility.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Monday, according to FXStreet data. Silver trades at $61.71 per troy ounce, up 2.13% from the $60.43 it cost on Friday.
US Dollar Index Price Forecast: Retreats from nearly 18-month highs around 102.50
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground after registering losses in the previous trading day and hovering around 102.20 after pulling back from nearly 18-month highs during the European hours on Monday.
ECB’s Nagel: No clear ​signs that inflation has fed through to price and wage setting
European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel said in a speech in Sorrento, Italy during the European trading session on Monday that the impact of energy shock-driven inflation has yet not fed into wage growth.
USD/JPY Price Forecast: Consolidates below 158.00 as bullish bias persists
The USD/JPY pair struggles to capitalize on Friday's bounce from sub-157.00 levels, touched in reaction to the weak US Nonfarm Payrolls (NFP) report, and seesaws between tepid gains/minor losses through the first half of the European session.
Euro: Fiscal risks cap upside against British Pound – Rabobank
Rabobank's Senior FX Strategist Jane Foley discusses EUR/GBP in light of divergent fiscal and political risks in Europe and the United Kingdom (UK).
Eurozone Producer Price Index (YoY) climbed from previous 5.8% to 8.2% in August
Eurozone Producer Price Index (YoY) climbed from previous 5.8% to 8.2% in August