Gold Back Above 4.400 Dollars
XAU/USD returned above 4.400 dollars in the Asian session, gaining over %1 during the day to rise to the 4.435 dollar level. The rally was driven by the US 10-year treasury yield pulling back from Wednesday's peak of %4,81 and weak ADP employment data (August: 38 thousand) increasing pressure on the dollar. Markets are closely watching the sustainability of gold's recovery ahead of Friday's non-farm payrolls (NFP) data.
Dollar Index (DXY) Drops Below 99,50
US Dollar Index (DXY) fell below 99,50 to the 99,51 level on Thursday morning, following the 99,70 level seen on Wednesday, which was a peak of nearly three weeks. The decline was driven by the drop in US bond yields and reduced expectations of Fed hawkishness in the market following weak ADP data.
USD/TRY at One-Month High: 48,34 TL
USD/TRY was trading in the 48,30-48,32 TL band on Thursday morning, hitting its highest level in the last month at 48,3420 TL during the day. Despite global dollar weakness, the pair continues to maintain its upward trend.
Ekonomik Takvim | 31 August - 5 September 2026
🇺🇸 Today (US session)
US ISM Services PMI & Weekly Jobless Claims
Important signals regarding the labor market and service sector activity ahead of Friday's NFP; market expectations are around 54,5 for ISM Services PMI and around 205 thousand for weekly unemployment claims.
🇺🇸 Friday, September 4
US Non-Farm Payrolls (NFP)
The last major data on the labor market ahead of the Fed's September rate decision; after weak ADP data, a surprise result could reprice rate hike expectations.
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