Markets turned cautious as higher Treasury yields, stronger Fed rate-hike expectations and renewed U.S.-Iran tensions pressured precious metals and supported the dollar, while Brent crude advanced on concerns over Middle East supply risks and the Strait of Hormuz.
Today's Snapshot
- Dow Jones: 51,828.62 (+0.93%)
- S&P 500: 7,743.41 (+0.51%)
- Nasdaq Composite: 27,068.72 (+0.48%)
- Gold: $4,176.17/oz (-2.55%)
- Silver: $61.61/oz (-4.17%)
- Brent Crude: $99.17/bbl (+1.77%)
Note: Data and market levels are as of approximately 05:30 UTC, September 28, 2026, and remain subject to live market fluctuations.
Global Markets
(A) Precious Metals
Gold: $4,176.17/oz (-2.55%)
Gold fell 2.55% to $4,176.17/oz as higher Treasury yields, a firm U.S. dollar and rising expectations of another Fed rate hike reduced demand for non-yielding bullion. Markets were pricing around a 65%-68% chance of an October rate increase.
Silver: $61.61/oz (-4.17%)
Silver dropped 4.17% to $61.61/oz as higher yields, dollar strength and tighter U.S. rate expectations pressured precious metals, while concerns over the global growth outlook added pressure to its industrial-demand side.
(B) Energy
Brent Crude: $99.17/bbl (+1.77%)
Brent rose 1.77% to $99.17/bbl as uncertainty over U.S.-Iran negotiations revived concerns about Middle East supply and the Strait of Hormuz. President Donald Trump said he had rejected Iran’s latest proposal, reducing hopes for an immediate diplomatic breakthrough.
(C) FX
DXY: 101.15 (+0.16%)
The dollar rose 0.16% to 101.15 as higher Treasury yields, firmer oil prices and stronger Fed rate-hike expectations supported the U.S. currency.
USD/JPY: 157.70 (+0.30%)
USD/JPY rose 0.30% to 157.70 as higher U.S. yields supported the dollar, while comments from Japanese officials about excessive yen weakness helped limit the move.
EUR/USD: 1.1379 (-0.10%)
EUR/USD fell 0.10% to 1.1379 as hawkish Fed expectations and stronger U.S. yields boosted the dollar.
GBP/USD: 1.3232 (-0.10%)
GBP/USD slipped 0.10% to 1.3232 as broad dollar strength and tighter U.S. rate expectations pressured sterling.
AUD/USD: 0.7017 (-0.07%)
AUD/USD eased 0.07% to 0.7017 as dollar strength outweighed expectations for another RBA rate increase.
High-Impact Economic Event
| Country | Release | Actual | Forecast | Previous | Time |
|---|---|---|---|---|---|
| Eurozone | ECB President Lagarde Speaks | - | - | - | 1:30 PM (GMT+02:00) |
Note: These economic events are for informational purposes only. Please conduct your own research before making any market decisions.
Volatility
The VIX stands at 14.87, indicating calm volatility, despite higher oil prices, elevated Treasury yields and ongoing geopolitical uncertainty.
What Markets Are Watching
1. Fed Rate Outlook & U.S. Data
Markets are watching PCE inflation, labour data and Friday’s payrolls, with an October Fed hike probability around 65%-68%.
2. U.S.-Iran Talks & Oil Supply
Focus remains on U.S.-Iran negotiations, the Strait of Hormuz and regional supply risks, which could keep oil prices volatile.
3. Bond Yields & Central Banks
Investors are monitoring elevated Treasury yields, the RBA meeting and Fed/ECB commentary as higher-for-longer rate expectations persist.
“An investment in knowledge pays the best interest.”
Yesterday’s Market News - September 25, 2026
Gold Edges 0.06% Higher to $4,276.20, Silver Slips 0.07% to $63.80 and Brent Falls 0.97% to $105.57
Read full recap →Sources
- 1. Reuters - Global Markets: September 28, 2026
- 2. Reuters - Morning Bid: Global Markets View Europe
- 3. Reuters - Dollar firms as U.S.-Iran tensions lift oil and hawkish Fed bets build
- 4. Reuters - Gold drops as U.S. rate-hike bets strengthen
- 5. Reuters - Oil rebounds after Trump rejects Iran peace deal
- 6. Forex Factory - Economic Calendar
Disclaimer
This report is for informational purposes only and does not constitute investment advice, financial guidance, or a solicitation to buy or sell any financial instruments. Market data and figures are subject to change without notice. Data has been taken from sources we believe to be reliable; however, please conduct your own research before making any investment decisions. Trading leveraged or complex products carries significant risk; please ensure you understand the risks before trading.
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