September 8, 2026 - Gold Rises 0.34% to $4,421.24, Silver Gains 0.70% to $66.63 and Brent Climbs 1.87% to $94.05

Global Markets

(A) Precious Metals

Gold: $4,421.24/oz (+0.34%)

Gold gained 0.34% to $4,421.24/oz as a weaker U.S. dollar supported demand for the metal ahead of key U.S. inflation data. Investors remained focused on whether upcoming CPI data could change expectations for the Federal Reserve’s next policy move.

However, gains remained limited as stronger U.S. jobs data continued to support expectations of a possible September Fed rate hike, with higher Treasury yields keeping pressure on non-yielding assets.

Silver: $66.63/oz (+0.70%)

Silver rose 0.70% to $66.63/oz, following gold higher as dollar weakness and renewed precious metal demand supported prices. Investors continued to balance industrial demand expectations with concerns over higher interest rates.

(B) Energy

Brent Crude: $94.05/bbl (+1.87%)

Brent crude climbed 1.87% to $94.05/bbl as renewed Middle East tensions increased concerns over potential supply disruptions. Risks surrounding the Strait of Hormuz and regional shipping routes kept a geopolitical premium in oil prices.

Despite supply concerns, prices remained below $100/bbl as alternative supply routes, higher output from some producers and softer demand expectations helped limit further gains.

(C) FX

USD/JPY: 153.32 (-0.40%)

USD/JPY fell 0.40% to 153.32 as the Japanese yen strengthened to a seven-month high. Expectations of further Bank of Japan rate hikes, unwinding of yen short positions and potential repatriation flows supported the currency.

The dollar remained under pressure ahead of U.S. inflation data, while markets continued to assess the outlook for Federal Reserve policy.

EUR/USD: 1.1628 (+0.06%)

EUR/USD edged higher 0.06% to 1.1628 as broad U.S. dollar weakness supported the euro. Investors remained cautious ahead of U.S. CPI data, which could influence expectations for the Fed’s next policy move.

GBP/USD: 1.3549 (+0.06%)

GBP/USD gained 0.06% to 1.3549 as the dollar softened across major currencies. Sterling movements remained limited as markets focused on global interest-rate expectations and upcoming U.S. economic data.

AUD/USD: 0.7219 (+0.10%)

AUD/USD rose 0.10% to 0.7219, supported by improved risk sentiment and strength across commodity-linked currencies. However, gains remained limited as investors awaited further signals on U.S. inflation and global growth.

NZD/USD: 0.5882 (+0.10%)

NZD/USD increased 0.10% to 0.5882 as mild dollar weakness supported the New Zealand dollar. Trading remained cautious ahead of major U.S. economic data and central-bank policy signals.

High-Impact Economic Events

Note: These economic events are for informational purposes only. Please conduct your own research before making any market decisions.

Volatility

The VIX remained around 14.53, indicating relatively calm market conditions despite ongoing geopolitical risks, elevated oil prices and uncertainty surrounding upcoming U.S. inflation data.

What Markets Are Watching

1. U.S. Inflation Data & Fed Policy

Markets are focused on upcoming inflation releases for further clues on whether the Federal Reserve could continue tightening policy. Strong labour-market data has increased expectations of a possible September rate hike.

2. Middle East Tensions & Oil Supply Risks

Escalating U.S.–Iran tensions remain a key driver for energy markets, with investors watching developments around oil infrastructure and shipping routes.

3. Bank of Japan Policy Shift

The yen’s recent strength reflects growing expectations of further BOJ tightening. Markets are watching whether policymakers continue supporting a stronger currency.