Gold steady at $4,267, set for weekly loss on firm dollar

Mettis Global reported that gold prices were unchanged on Friday, September 25, 2026, though the metal was still set for a weekly decline. Spot gold stood at $4,266.99 per ounce after a 0.36 per cent drop, with a firmer US dollar weighing on sentiment.

Expectations of higher US interest rates for longer strengthened after two Federal Reserve policymakers signalled that further hikes could be needed, following a quarter-point rise last week. Philadelphia Fed President Anna Paulson described getting inflation back to its 2% target as a leading priority, while New York's John Williams pointed to tighter policy ahead, CNBC reported.

Gold is usually seen as a hedge against inflation, but higher interest rates tend to lessen its appeal because yield-bearing assets become more attractive. Silver eased 0.1 per cent to $63.81 per ounce, platinum gained 0.5 per cent to $1,756.90, and palladium dropped 1.3 per cent to $1,257.56, with all three also heading for weekly declines.