U.S. Dollar Hits Eight-Week High After Fed Rate Hike 
Yen Weakens as Dollar Gains on Widening US-Japan Rate Gap 
Vietnam Stocks Join FTSE Emerging Market Indexes, Unlocking Billions in Foreign Investment 
Gold Prices Hold Steady Ahead of Trump-Xi Summit, Middle East Risks 
Oil Prices Extend Losses as U.S.-Iran Talks Ease Supply Fears 
US, Japan and South Korea Back Taiwan Ahead of Trump-Xi Summit 
S&P 500 Historically Rallies After Midterm Elections, UBS Says 
South Korea to Brief Lawmakers on $350 Billion US Investment Package 
Oil Prices Tumble on U.S.-Iran Diplomacy Hopes, Supply Relief 
Canada Unveils Bill to Fast-Track Major Resource Projects 
Asian Currencies Muted as Dollar Firms Ahead of Trump-Xi Summit 
France Debt-to-GDP Ratio Seen Hitting Record 119.3% in 2026 
Asia Stocks Rise on AI Demand as Oil Eases 
Oil Prices Rise as Houthi Strikes on Riyadh Fuel Middle East Tensions 
Strait of Hormuz Oil Shipments Hit Six-Month High as U.S. Clears Mines 
Yen in Focus as BOJ, Fed Rate Hikes Reshape Currency Markets 
Wall Street Surges as Meta Leads AI Rally, Oil Prices Fall 
Add as a preferred source on Google
Gold prices moved higher on Wednesday as a steep decline in oil prices eased inflation concerns and reduced expectations for additional interest rate increases from the U.S. Federal Reserve. Renewed signs of possible U.S.-Iran diplomacy also supported demand for the precious metal.
At 21:06 ET (01:06 GMT), spot gold rose 0.4% to $4,359.40 an ounce, while gold futures gained 0.3% to $4,396.85. Silver climbed 0.6% to $66.43 an ounce, and platinum advanced 0.3% to $1,809.03. The U.S. Dollar Index slipped marginally to 100.39.
Gold rebounded after recording its biggest decline in a week on Monday. Oil prices stabilized on Wednesday following losses of more than 9% over the previous four sessions, with concerns over Middle East supply disruptions easing amid fresh diplomatic efforts.
President Donald Trump was scheduled to address the United Nations General Assembly in New York after signaling that he was open to meeting Iranian President Masoud Pezeshkian on the sidelines. Saudi Arabia has also restarted operations on its East-West oil pipeline, restoring part of an alternative export route that bypasses the Strait of Hormuz.
Lower energy prices could reduce inflationary pressure and lessen the need for tighter monetary policy. Gold often benefits when interest rate expectations decline because the metal does not offer a yield.
Investment demand is also providing support. ANZ said about 50 tonnes of gold have entered bullion-backed ETFs so far in September, potentially marking a third consecutive month of inflows.
Chinese demand remains strong, with gold imports reaching 1,000 tonnes during the first eight months of 2026. Chinese gold ETFs added about 44 tonnes in August, while the People’s Bank of China increased purchases to roughly 20 tonnes.
Markets are now monitoring Federal Reserve officials following last week’s first rate hike in three years. Chicago Fed President Austan Goolsbee warned that persistent supply shocks could require a policy response, while St. Louis Fed President Alberto Musalem said further rate increases may be necessary to return inflation to target.
