Gold at Four-Week Low: Dips Below 4.300 Dollars
XAU/USD fell below 4.300 dollars in the Asian session, hitting its lowest level in approximately four weeks. Rising US bond yields and a strengthening dollar made non-yielding bullion less attractive, while strengthening expectations that the Fed will raise rates in September accelerated the decline.
US 10-Year Treasury Yield at Highest Level Since November 2023: %4,81
In the Asian session, the US 10-year treasury yield reached %4,81, its highest level since November 2023. The rise is fed by strengthening expectations of a near-term Fed rate hike and inflation concerns fueled by tensions in the Strait of Hormuz.
Probability of September Rate Hike Rises to %66-67 Following Warsh's Jackson Hole Remarks
According to CME FedWatch data, the probability of a 25 basis point rate hike at the September 15-16 FOMC meeting rose to %66-67 following Fed Chair Kevin Warsh's speech at Jackson Hole last week; this rate was in the %35-57 band before the speech. In his speech, Warsh pointed out that core PCE, the Fed's preferred inflation indicator, was running significantly above target at %3,7, emphasizing that fighting inflation is the priority.
EUR/USD Trading in 1,16 Band, USD/TRY Trading in 48,20-48,30 TL Band
EUR/USD continues its flat course in the 1,1600 band despite the strengthening dollar. USD/TRY maintained its upward trend, trading in the 48,20-48,30 TL band.
Ekonomik Takvim | 31 August - 5 September 2026
🇺🇸 Today (US session)
US ADP Private Sector Employment (August)
The first major signal regarding the labor market ahead of Friday's non-farm payrolls data; it could reprice interest rate expectations ahead of the Fed's September 15-16 meeting.
🇺🇸 Friday, September 4
US Non-Farm Payrolls (NFP)
The last major labor market data ahead of the Fed's September interest rate decision; in light of strengthening rate hike expectations, a surprise result could significantly impact market pricing.
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