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Market Insights > Daily Market Analysis New

Dollar Pauses Near Seven-Week High as Gold Rebounds

Published: 18 September 2026,07:28

Daily Market Analysis New

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Key Takeaways:

*The Dollar Index remains above 100 after reaching a seven-week high.

*The Fed’s 25-basis-point rate hike and hawkish guidance continue to support the dollar.

*The greenback has lost some momentum as Treasury yields ease and traders take profit.

*Gold rebounds after its recent decline, supported by a softer dollar and lower yields.

*Expectations for further Fed tightening remain the key medium-term risk for gold.

Market Summary:

The US Dollar remained near a seven-week high after the Federal Reserve raised interest rates by 25 basis points and signalled that another hike could still be required before year-end.

The Fed’s hawkish message continues to provide strong fundamental support for the greenback. Higher interest rates generally increase the attractiveness of dollar-denominated assets, while expectations for additional tightening have helped keep the Dollar Index above the 100 level.

However, the dollar’s recent rally has started to lose momentum. Treasury yields eased from their recent highs, while some traders took profit following the sharp post-Fed move. A modest pullback in oil prices has also reduced some near-term inflation concerns, but this remains a secondary factor.

Gold, meanwhile, rebounded after its recent decline as the softer dollar and lower Treasury yields improved demand for non-yielding bullion.

The recovery suggests some bargain buying has returned following the post-Fed selloff. However, the broader outlook for gold remains challenging as the Federal Reserve continues to signal that monetary policy may stay restrictive for longer.

For now, the dollar remains fundamentally supported by the Fed’s hawkish stance, while gold’s rebound may depend on whether Treasury yields and the greenback continue to retreat from recent highs.

Technical Analysis

GOLD, H4:

Gold prices are trading higher after rebounding from the 4,275.00 support level, suggesting that buyers have regained short-term control.

Momentum indicators remain supportive, with the MACD showing increasing bullish momentum and the RSI at 53 staying above the midline. This suggests that gold may have a higher chance of extending its gains if bullish momentum continues.

If bullish momentum persists, gold could extend its upside toward the next resistance level at 4,435.00, followed by 4,580.00 if buying pressure strengthens.

However, if bullish momentum fails to sustain, gold may experience a short-term technical retracement and retest the 4,275.00 support level, with further downside toward 4,115.00 if selling pressure increases.

Resistance Levels: 4435.00, 4580.00

Support Levels: 4275.00, 4115.00

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