Gold prices climbed to five-month highs on Friday, with rising Middle East tensions pushing up the demand for the safe-haven metal.
However, amid concerns about the outlook for interest rates, the yellow metal gave up most of its gains as the session progressed and eventually ended the day's session just marginally up. A somewhat subdued dollar supported gold's uptick. The dollar index, which climbed to 106.80 in early New York session, dropped to 106.32 around mid morning, but recovered to 106.55 later on, cutting its loss to just around 0.05%.
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Market Analysis
September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.