Falling Yields Lift Metals as Currencies Stabilize (10.09.2026)

Easing oil prices and retreating Treasury yields (around 5.23% ) provided some relief to financial markets as improving US-Iran diplomatic prospects reduced immediate inflation concerns. 

The dollar index slipped toward 102 on Friday, adding to earlier declines. Gold climbed above $4,150 and silver recovered past $60, supported by growing expectations for a Federal Reserve pause in October. The euro steadied near 1.1225 despite ongoing European fiscal concerns, while sterling strengthened toward 1.3240. Meanwhile, the yen remained under pressure near 158 as wide US-Japan interest rate differentials and weak domestic spending limited its recovery.

EUR/USD Edges Up to 1.1225

EUR/USD rose 0.13% toward 1.1225 on Friday, attempting to stabilize after touching a 17-month low near 1.1162 earlier this week. Upward momentum remains capped as Fed Governor Waller highlighted resilient U.S. economic strength and stubborn inflation. Ongoing French fiscal paralysis and widening U.S.-Europe yield spreads continue to weigh on single-currency sentiment.

The first resistance is positioned at 1.1250 while the support starts from 1.1180.

Gold Rebounds Past $4,150

Gold climbed above $4,150 per ounce on Friday, securing a second straight session of gains as lower oil prices and falling bond yields relieved pressure on the metal. Crude pulled back after President Donald Trump noted productive talks with Tehran and ruled out military strikes before the midterms. Interest rate expectations shifted, with traders pricing an 82% probability of an October Federal Reserve pause alongside an 81% chance of a December rate hike.

First resistance is seen at $4230, with initial support near $4130.

Yen is Under Pressure Near 158

The Japanese Yen slipped toward 158 per dollar on Friday, heading for a fourth consecutive weekly loss. The currency remains burdened by wide U.S.-Japan interest rate differentials, ultra-low domestic rates, and a high public debt load. Adding to economic headwinds, August household spending dropped for a ninth straight month. Meanwhile, dovish fiscal policy under Sanae Takaichi and BoJ member Ayano Sato's preference for gradual, cautious rate hikes continue to limit near-term yen support.

First resistance is seen at 158.60, with initial support near 157.50.

GBP/USD Firms Near $1.3240

The British Pound rose toward $1.3240 on Friday, stabilizing following a volatile multi-week slide. Sterling drew support as Fed Governor Waller's openness to an October rate pause weighed on the dollar, while BoE official Catherine Mann warned UK inflation could retest 4% by year-end. However, elevated oil prices continue to fuel volatility and cap upside gains.

From a technical view, resistance stands near 1.3270, with support around 1.3190.

Silver Rebounds Above $60

Silver rebounded above $60 per ounce on Friday, recovering from two-month lows as easing oil prices and retreating Treasury yields lifted non-yielding assets. Crude pulled back after President Trump noted productive talks with Tehran, while strong demand at a 30-year bond auction helped cool yields from recent highs. Traders currently price an 82% chance of an October Fed rate pause and 81% odds of a December hike.

From a technical view, resistance stands near $61.50, while support is located around $59,25.