Decision Time at Key Levels: Dollar Pullback, Gold Bounce, Metals Still Waiting
Tuesdays session is shaping up as a confirmation day rather than a prediction day.
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Tuesdays session is shaping up as a confirmation day rather than a prediction day.

Gold has also strengthened a little bit in the U.S. morning as the dollar and yields eased their pressure on the rest of the world.

The American currency moved away from yearly highs as traders focused on falling Treasury yields.
That marked a 13.7% jump from July and was ahead of the Dow Jones consensus estimate for $102 billion.

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DXY holds above 101.76 as high Treasury yields offset Fed cut expectations, while EUR/USD tests 1.1225 and GBP/USD remains capped below 1.3250.

Equities shrug off bond stress, and the euro sits near a 17-month low.

Panchkula Police have described Rajesh Kumar, a man also known as "Nana", as a key local recruiter in an alleged investment and cryptocurrency fraud spanning Haryana and estimated at Rs 8 crore or more. Four men have been arrested so far, luxury vehicles have been seized, and investigators suspect some alleged operators are based in Dubai, according to a News18 report that attributes its police account to The Indian Express.

Gold was trading around $4,141 an ounce on Monday after a closely watched gauge of United States service-sector activity came in slightly below expectations for September, according to Kitco News. The Institute for Supply Management (ISM) reported that its Services Purchasing Managers Index (PMI), a survey-based measure of business conditions, eased to 54.9 from 55.4 in August.

Indian stocks have fallen for eight straight weeks. The economy grew 7.8% in the June quarter. In a post on flow problem, not a growth problem. For anyone trading USD/INR, that distinction decides where the pressure lands. The rupee has been hovering around 96 per dollar, with the Reserve Bank of India selling dollars to keep the move orderly (Rediff MoneyWiz). Orderly spot is not the same thing as cheap carry. The cost of that stability shows up elsewhere.

This Deriv review separates an account-history deduction from proof that money reached a bank. In a complaint dated 15 August 2025, a user labelled India said a withdrawal appeared successful but had not arrived. The uploaded image shows a withdrawal figure of −15.09 in a history summary; it does not identify a currency or bank recipient. Rechecked on 5 October 2026, this remains a historical report with an unverified final outcome.
The World Bank now expects the region to grow 4.5% this year, but flagged that trade growth outside AI-related goods has been "weak or negative."
The World Bank now expects the region to grow 4.5% this year, but flagged that trade growth outside AI-related goods has been "weak or negative."

The Monday session has several competing forces pulling investors in multiple directions.

The American currency tested yearly highs as rally continued.

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This morning, gold is up about $33 near $4,196, silver is up much more than gold, and the USD Index is also higher.

Weak U.S. payrolls cut October Fed hike bets, but elevated yields keep DXY firm as EUR/USD breaks support and GBP/USD struggles below 1.3250.

A 28-year-old software professional from Visakhapatnam (Vizag) has lost ₹20 lakh to an online cryptocurrency investment scam, according to a Times of India report by Nalla Ram Babu. The victim, who works at a private company, was contacted on WhatsApp by a woman who identified herself as Khushi and claimed to be a finance manager at a firm called Thornston and Ross.

Bangladesh's Anti-Corruption Commission (ACC) has filed a case against eight people, including a serving executive engineer of the Public Works Department (PWD), over the alleged embezzlement of about Tk23.68 crore through forgery and fraud involving government land in Chattogram. The ACC announced the case at a press conference on 4 October, as reported by The Business Standard, which published the details of the filing.