24/7 SUPPORT
Download App
Search
Popular Search
Published: 28 September 2026,06:33
Daily Market Analysis New
*The US dollar remains firm as markets continue to price another Federal Reserve rate hike in October.
*Elevated long-term Treasury yields continue to support demand for the greenback.
*Cleveland Fed President Beth Hammack said higher yields reflect stronger growth expectations and expectations for further tightening.
*Gold remains under pressure as higher yields increase the opportunity cost of holding non-yielding bullion.
The US dollar remained supported as investors continued to expect that the Federal Reserve may need to tighten monetary policy again after its recent rate increase.
Markets are currently pricing a high probability of another Fed hike in October, while long-term Treasury yields remain elevated. Stronger US economic momentum, persistent inflation concerns and hawkish Fed commentary have all reinforced expectations that interest rates could remain higher for longer.
Cleveland Fed President Beth Hammack also noted that the recent rise in Treasury yields has been driven by stronger growth expectations, concerns surrounding government debt and expectations for additional rate increases. This backdrop continues to support the greenback by improving the relative attractiveness of dollar-denominated assets.
Gold, meanwhile, remained under pressure near key support levels. Higher Treasury yields and expectations for further Fed tightening continue to reduce the appeal of non-yielding bullion.
The ongoing US–Iran conflict creates a more complicated backdrop for gold. Geopolitical tensions normally support safe-haven demand, but continued disruption risks around the Strait of Hormuz are also keeping energy prices elevated. Higher energy costs increase inflation risks, which in turn strengthen expectations that the Fed may need to raise rates again.
For now, the fundamental picture remains supportive for the dollar and challenging for gold. Gold may require either a meaningful decline in Treasury yields, softer US economic data, or a reduction in Fed hike expectations before a more sustainable recovery can develop.
Gold, H4:
Gold continues to trade within a bearish price structure and has recently recorded a new low below the $4,200 mark, further confirming the prevailing bearish bias. The latest downside move suggests that selling pressure remains dominant, with buyers continuing to struggle to regain control of the market.
Meanwhile, both the MACD and RSI continue to trend lower, indicating that bearish momentum is strengthening. The continued deterioration in both indicators suggests that downside pressure remains firmly in place and could support further selling in the near term.
Should the current bearish momentum persist, gold could extend its downward trajectory and potentially move toward lower support levels as sellers continue to dominate the market. However, any meaningful technical rebound would require a stabilization in momentum and a recovery above key resistance areas to weaken the current bearish structure.
Resistance Levels:4374.10, 4518.30
Support Levels:4100.00, 4000.00
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Important Notice to Visitors
Our products and services are not offered or made available to residents of your jurisdiction. The information on this Website is not directed at persons in your jurisdiction and is not intended as an offer, solicitation, or promotion of our products or services to them.
By clicking “I Understand”, you acknowledge this notice and confirm that you are accessing this Website at your own initiative. Access to this Website does not mean that our products or services are available to you.
Important Notice
Please be advised that our products and services are currently unavailable to residents and entities located in the Philippines.
This restriction is a result of our firm commitment to adhering to applicable legal and regulatory requirements in all jurisdictions where we operate. In line with our internal compliance protocols and evolving global standards, we continuously assess and update access to our platform to ensure full regulatory alignment.
We appreciate your understanding and cooperation.
If you believe this restriction has been applied in error, please contact our support team for further assistance.
Dear Valued Client,
As part of PU Prime’s ongoing commitment to providing a stable and reliable trading environment, please be informed of the following weekly weekend scheduled optimisation activities:
We sincerely apologise for any inconvenience this may cause as we strive to provide you with better service. PU Prime is committed to providing you with the best trading experience and this Weekly Scheduled Optimisation Notice will enable us to ensure that you trade without any unexpected interruptions.
For other upgrades that may involve longer disruptions to your trading, we will announce them ahead of time in a separate announcement.
Important Notice:
Important Notice: Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely on your own initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on a reverse solicitation basis in accordance with the laws of your home jurisdiction.
Important Notice:
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Aviso importante:
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
