Gold & Silver Market News — Sep 28, 2026, 04:10–08:10 UTC
US Dollar Strengthens on Fed Outlook and Geopolitical Risk
The U.S. dollar gained ground, supported by market expectations for the Federal Reserve to maintain its hawkish monetary policy. A rise in oil prices, linked to growing tensions between the U.S. and Iran, also contributed to the dollar's firmness.
Global Central Banks Signal Hawkish Stance
A hawkish tone is also being adopted by other major central banks as they contend with inflation. July minutes from the Bank of Japan revealed that policymakers debated the necessity of faster interest rate hikes, and the Reserve Bank of Australia is widely expected to raise rates in September amid growing inflation risks.
Inflationary Pressures Persist in Japan
Economic data from Japan highlighted ongoing price pressures, with corporate services inflation climbing to a two-year high. This aligns with recent discussions within the Bank of Japan, where some members advocated for a more aggressive pace of monetary tightening.
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