{
  "id": 13821282,
  "title": "Gold looks to greenback for next direction",
  "url": "https://urgent.news/2026/10/11/gold-looks-to-greenback-for-next-direction",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-11T23:00:00.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/gold-looks-greenback-next-direction"
  },
  "original_language": "en",
  "account": "Despite a robust US dollar and elevated yields, gold has held its ground. Throughout September, the precious metal faced pressure as the dollar strengthened, but recent price movements have left analysts cautiously optimistic. Recent US economic data has softened slightly. August headline personal consumption expenditures inflation rose 3.4 percent year on year, below the anticipated 3.7 percent, while September non-farm payrolls added only 29,000 jobs, falling short of the expected 90,000. These figures have significantly lowered expectations of another US Federal Reserve rate increase in October. However, the primary obstacles for gold have not vanished. Markets still anticipate an 80 percent probability of a rate hike in December, while the US dollar index is nearing an 18-month peak at 102.23. The 10-year Treasury yield reached 5.34 percent, the highest level since 2002. Gold's resilience in the face of these conditions is particularly noteworthy. Despite this combination of a strong dollar and exceptionally high yields, the metal has continued to attract buyers in the low-$4,100-an-ounce range rather than extending September's sell-off. Investment flows support this trend. Global gold exchange-traded funds received $10 billion in September, bringing third-quarter inflows to a record $31 billion. Holdings surged by 67 tonnes to a record 4,256 tonnes, even as prices declined. The World Gold Council also noted that rising yields might reflect fiscal stress rather than robust growth. Technically, the spot gold price, or XAUUSD, is currently ranging between $4,111 and $4,226. If this support holds, there is potential for gold to rebound towards $4,334 to $4,403 an ounce. A successful break above this region would bolster the recovery case and reintroduce the August resistance level of $4,648 to $4,773. However, a test of the deeper support zone of $4,046 to $3,887 would not necessarily negate the bullish outlook, as this area has drawn interest multiple times before. A sustained break below $3,887, on the other hand, would alter the outlook and expose the $3,718 to $3,791 region. The greenback could offer the most definitive confirmation. The US dollar index is approaching resistance levels between 102.2 and 103.4. Further gains could become more challenging if Treasury yields remain firmly entrenched. A recent Reuters poll indicated the 10-year yield may dip to 5 percent by year-end. For now, the overall risks still favor a gold recovery rather than a persistent decline, assuming the broader support structure remains intact.",
  "summary": "Despite a strong US dollar and high yields, the precious metal has remained resilient",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}