Commodities
Dollar Weakness Boosts Gold Prices Amid Mideast Tensions
Gold prices steadied on September 7, 2026, as traders weighed the impact of Middle East tensions and dollar moves. The US currency weakened further against the yen, making gold priced in dollars more competitive for buyers.
The spot price of gold gained as much as 0.9% to reach $4,440 an ounce, reversing a loss from the previous session. Japan's yen was closing in on its strongest level against the dollar this year, extending a rally that began last week due to expectations of a Bank of Japan interest rate hike.
Bullion generally moves inversely to the greenback, so the weakening dollar contributed to gold's gain.