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Gold Rebounds to $4,400 as Dollar Weakens

By Markets Desk · 2026-09-11 · Updated 2026-09-11 11:17 UTC
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Illustration: Tradingbird

Gold has rebounded to $4,400 amid dollar weakness, but futures opened at a one-month low of $4,359.40 ahead of CPI releases. Market focus is now on Fed rate hike probabilities, which have climbed to nearly 70% due to inflationary pressures from surging oil prices.

  • According to GN auto markets/commodities: gold prices, December futures opened at $4,359.40, marking the lowest level since August 6, before edging up to $4,387.10 as traders awaited CPI data. The decline coincides with rising expectations for a Federal Reserve rate hike, which jumped to 69.4% overnight, driven by oil surges from US-Iran tensions.

    Source: GN auto markets/commodities: gold prices

  • Domestic prices jumped 1.2 million VND per ounce on September 11. Global spot prices recovered to $4,400. The US dollar index hit a two-week low.

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

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