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

September 25, 2026 (MLN): Gold prices were flat on Friday but remained on course for a weekly loss, pressured by a stronger dollar and growing expectations that the Federal Reserve will keep interest rates elevated to contain inflation.

Currently, spot gold is down 0.36% to $4,266.99  an ounce as of [09:55 am] PST, according to data reported by Mettis Global.

Expectations of higher-for-longer US interest rates firmed after two Fed policymakers signalled that additional hikes may still be needed to curb elevated inflation, following last week's quarter-point rate increase.

Philadelphia Fed President Anna Paulson said returning inflation to the 2% target remained a top priority and that she would back a policy path aimed at achieving this while weighing risks to the labour market.

New York Fed President John Williams also indicated that tighter monetary policy lies ahead, according to CNBC.

Although gold is traditionally viewed as an inflation hedge, higher interest rates tend to dampen its appeal by making yield-bearing assets more attractive.

Among other precious metals, spot silver slipped 0.1% to $63.81 per ounce, platinum climbed 0.5% to $1,756.90, and palladium fell 1.3% to $1,257.56, with all three metals also poised for weekly losses.

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