NewsTradingSentimentCalendarCommunityBriefing
Sign in
Markets

Global gold jumps as dollar weakness offsets Fed rate hike risks

By Markets Desk · 2026-09-10 · 1 min read
A stack of polished gold bars on a dark surface
Illustration: Tradingbird

Spot gold climbed 36 USD to 4,390.9 USD per ounce. Traders now price in a 60% probability of a US Federal Reserve interest rate increase this month.

Spot gold prices increased by 36 USD per ounce to reach 4,390.9 USD. The rise occurred as the US dollar index fell. This weak currency made gold cheaper for holders of other fiat currencies.

Market participants are currently focused on upcoming US inflation data. CME FedWatch tools indicate a 60 percent chance of a rate hike at the September 15-16 meeting. Higher interest rates typically reduce the appeal of non-yielding assets like gold.

Domestic prices remain flat

Vietnamese gold prices held steady on September 10. SJC gold bars traded at 143.6 million VND for buying and 146.6 million VND for selling. This represents a spread of 3 million VND per tael.

PNJ quoted identical buy and sell prices across all regions. The buy price stood at 143.2 million VND and the sell price at 146.5 million VND. DOJI listed 9999 gold rings at 145.2 million VND for buying and 149.2 million VND for selling.

Yields and oil cap gains

Brent crude oil prices approached 100 USD per barrel. The yield on 10-year US Treasury bonds rose to 4.8 percent. These factors offset safe-haven demand driven by geopolitical tensions.

Gold rings in Vietnam often trade at a premium to bars. This gap widens when raw gold supply is limited. Processing costs and dealer margins also contribute to the higher price.

Market awaits inflation data

US producer and consumer price indices are scheduled for release this week. If indicators remain higher than expected, pressure on gold will likely increase. The market is watching for signs of further monetary tightening by the Fed.

Based on reporting by GN auto markets/commodities: gold prices, compiled by the Tradingbird desk.

Read next

More in Markets
A polished silver bar resting on a dark surface
Markets · Commodities

Silver Falls 1.2% Ahead of CPI Data

Silver futures opened lower as rate hike expectations surged ahead of the CPI release.

2026-09-11Illustration: Tradingbird
A field of golden corn stalks swaying in the wind under a clear sky
Markets · Commodities

USDA Release Sets Stage for Grain Price Volatility

The September World Agricultural Supply and Demand Estimates report will be released Friday at noon Eastern Time. This update will directly impact corn and soybean futures prices.

2026-09-11Illustration: Tradingbird
A coil of copper wire resting on a wooden surface
Markets · Commodities

AI Demand and Tariffs Push Copper to Record Highs

Copper prices have hit a new all-time high. The surge is driven by artificial intelligence infrastructure and trade policy risks.

2026-09-11Illustration: Tradingbird

More from the Markets desk

All desk stories
  • A city skyline silhouette at dusk with a single oil derrick in the foreground
    Illustration: Tradingbird

    Nifty Ends at 23,398 as Brent Crude Hits $100

    Indian equity indices closed lower on Friday as Brent crude breached the $100 mark. The Nifty 50 fell 0.34 percent to 23,398.10. The Sensex dropped 120.83 points to 74,781.76. Real estate and metals sectors led the decline.

    2026-09-11
  • A digital bond certificate floating within a network of light nodes
    Illustration: Tradingbird

    India Launches First Tokenised Corporate Bonds

    India’s capital markets recorded a structural shift as the first tokenised corporate bonds were issued at the Global Fintech Fest 2026.

    2026-09-11
  • A digital wave pattern representing data flow
    Illustration: Tradingbird

    Bitcoin July dip-buying activity hits historic low

    Onchain data shows a rare lack of buying interest when Bitcoin fell below $58,000, challenging the assumption that this price level acts as a reliable floor for the current bear market.

    2026-09-11