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The Emirates News Agency reported that gold eased under pressure from a firmer US dollar combined with rising Treasury yields. Spot gold slipped 0.3 percent to $4,128.83 per ounce by 04:00 GMT while US gold futures remained little changed at $4,155.90. This development aligns with repeated patterns observed in trading throughout the year when the dollar gains ground. The agency has documented how such currency strength frequently reduces gold’s appeal as an alternative asset.
Among other precious metals tracked in the WAM report, spot silver fell 0.6 percent to $60.69 per ounce. Platinum lost 0.5 percent to $1,712.20 while palladium eased 0.5 percent to $1,166.86. These parallel movements illustrate the broader impact across the sector during periods of dollar appreciation. WAM coverage has consistently linked such shifts to investor repositioning ahead of key US economic releases.
Earlier WAM dispatches from September detailed how gold extended losses on expectations of Federal Reserve tightening and sustained dollar strength. In one instance spot gold fell 0.4 percent to $3,985.89 per ounce after reaching a more-than-seven-month low. Similar reports from October noted gold remaining on track for weekly declines exceeding 2 percent amid elevated yields. The agency data places these fluctuations within an ongoing inverse correlation between the US currency and bullion values.
WAM updates from February highlighted a 1 percent drop in gold to $4,947.98 per ounce on a firmer dollar during thin holiday trading. US gold futures for April delivery lost 1.6 percent to $4,966.80 in that session while silver fell 2.7 percent. The agency has reported multiple occasions across 2026 where Treasury yield increases accompanied dollar gains to limit gold’s upside. Such coverage underscores the metal’s sensitivity to shifts in US monetary policy outlooks.
In a related WAM report from early October, gold steadied ahead of US payrolls data yet stayed on course for a second consecutive weekly loss of more than 2 percent. Spot gold held near $4,184.45 per ounce with US gold futures rising modestly to $4,214.70. Silver, platinum and palladium all showed weekly losses despite intraday gains in some cases. The agency tied the trend to investor focus on Federal Reserve policy signals derived from incoming labour market figures.
WAM has also chronicled how gold fell 2.3 percent to a low since May at $4,541.91 per ounce in one September session on stronger dollar momentum. That decline contributed to a 3.7 percent weekly drop with futures similarly under pressure. Additional agency figures from June placed spot gold down 0.4 percent near $3,985 levels amid comparable conditions. These historical snapshots from WAM establish the persistent influence of dollar strength on precious metals pricing throughout the year.
