Gold rises supported by a weaker dollar

By Ahmed Ashraf On Sep 3, 2026

GOLD

Gold rebounded in morning trading to around the $4,450 resistance zone, which is likely to limit the upside in today’s trading.

Support	4300	4200
Resistance	4450	4630

Gold returned above $4,400, supported by a weaker dollar and lower U.S. Treasury yields, with spot gold rising to $4,429 while futures reached $4,474, as attention now turns to Friday’s U.S. nonfarm payrolls report, which could reshape market expectations for the interest rate outlook, particularly amid signs of a slowing labor market and easing inflationary pressures, while the decline in the U.S. Dollar Index to 99.39 provided additional support for gold.

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Ahmed Ashraf

Technical Analyst & Economic Researcher at LDN Global Markets

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