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Gold Tests $4,422 Resistance as Dollar Weakens

By Markets Desk · 2026-09-10 · Updated 2026-09-10 10:33 UTC
A bar of gold and a silver coin resting on a dark surface
Illustration: Tradingbird

Gold is testing the $4,420 resistance level amid a weakening dollar and elevated energy prices, with market attention now turning to upcoming U.S. inflation data and a 65% priced-in probability of a Fed rate hike this month.

  • Gold futures are trading at $4,461.82, slightly above the spot price, as Brent crude hits $100 for the first time since July and global gold ETFs record a record $18 billion in August inflows, according to GN markets/inflation (en-US).

    Source: GN markets/inflation (en-US)

  • Gold prices hover near $4,413, facing immediate resistance. A weakening dollar provides support ahead of key inflation data.

    Source: GN auto markets/commodities: silver prices
Based on reporting by GN auto markets/commodities: silver prices and GN markets/inflation (en-US), compiled by the Tradingbird desk.

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