{
  "id": 5196974,
  "title": "Gold rebounds above $4,350 as US Dollar, Treasury yields slip",
  "url": "https://urgent.news/2026/09/02/gold-rebounds-above-4-350-as-us-dollar-treasury-yields-slip",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T23:29:32.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/gold-rebounds-above-4-350-as-us-dollar-treasury-yields-slip-202609022329"
  },
  "original_language": "en",
  "account": "Gold prices climbed back above $4,350 on Thursday, marking a rebound from a low point that had persisted for nearly a month. This upward movement came as the US Dollar and Treasury yields showed signs of weakening. Traders are now closely monitoring the US August Nonfarm Payrolls (NFP) data, which is expected to be released later in the week. Federal Reserve (Fed) Bank of New York President John Williams suggested that the recent increase in long-term bond yields was not driven by concerns over inflation, but rather reflected a robust economy. Meger, a metals trading director at High Ridge Futures, noted that the gold price had bounced off recent lows due to a slight decrease in yields that day. However, rising tensions in the Middle East could reignite worries about energy-driven inflation and potentially limit gold's upside potential. As a hedge against inflation without yielding interest, gold becomes less appealing when interest rates are high. The probability of a Federal Reserve rate hike during the upcoming policy meeting is now at 62.3%, according to the CME FedWatch tool. The U.S. recently launched airstrikes on Iranian targets, which in turn prompted retaliatory strikes by Tehran against U.S. interests in Bahrain, Kuwait, Jordan, and Iraq, heightening fears of further conflict. ING's commodities strategists reported that gold prices had slipped to a two-week low, falling below $4,300 per ounce, as tensions in the Middle East drove up oil prices and forced markets to reassess the outlook for U.S. interest rates. Fed's Williams provided a slightly less hawkish assessment, with his 6/10 FXS Speechtracker score only marginally higher than the historical average of 5.9/10. This shift in focus toward a strong economy and contained inflation expectations, rather than new inflation fears, helped frame current financial conditions as tight but not disorderly. The FXS Fed Sentiment Index dropped by 1.42 points to 127.44, signaling a modest reduction in perceived hawkishness, while still remaining firmly in the hawkish territory. On the daily chart, XAU/USD is above the 100-day simple moving average (SMA), indicating a bullish bias despite being temporarily below the Bollinger middle band. The 14-day Relative Strength Index (RSI) is near 50, hinting at neutral short-term momentum that could shift upward as long as the price stays above the 100-day SMA. Resistance on the upside is located at the Bollinger middle band around $4,450, while the upper Bollinger band near $4,685 would act as a subsequent hurdle if buyers regain control. Support is seen at the 100-day SMA at $4,360, followed by the lower Bollinger band around $4,215, where a deeper pullback could attract dip-buying interest if the broader bullish structure persists.",
  "summary": "Gold price (XAU/USD) rebounds from a nearly one-month low to around $4,385 during the early Asian session on Thursday. The precious metal edges higher as the US Dollar (USD) and Treasury yields retreat from recent highs.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "New Straits Times",
        "title": "Gold rebounds over 1pct as US dollar, yields pull back from highs",
        "url": "https://urgent.news/2026/09/03/gold-rebounds-over-1pct-as-us-dollar-yields-pull-back-from-highs",
        "published": "2026-09-03T00:18:20.000Z"
      }
    ]
  },
  "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."
}