Morning Metals Update: Gold and Silver Move Lower on Dollar and Yield Strength
Plain-English macro / "Real Money", 0:16, published 2026-09-28
Precious metals update for Monday, September 28, 2026. 📊🪙
Gold is down 4.29% to $4,146.20, trading between $4,146.20 and $4,331.90. Silver is down 6.64% to $61.44, spanning a daily range of $61.44 to $65.81.
Downward pressure followed a firmer U.S. dollar near two-month highs and rising bond yields as markets assessed interest-rate expectations. Technical selling accelerated after gold broke below $4,200 and silver breached both its 200-day moving average and Ichimoku cloud support. Central bank policy scrutiny also factored in, including Bank of England remarks noting rates could rise if inflation pressures build.
Market watchers today are tracking price action around the $60 level in silver, which analysts have noted as key technical support, alongside Treasury yield movements, dollar stability, and the U.S.-Iran standoff affecting crude oil prices.
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This update is for informational purposes only and does not constitute financial or investment advice.
Newer: Gold Retreats Below $4,200: Key Drivers and the Week Ahead. Older: Precious Metals Margin Report: Week of September 28, 2026.