Gold regains poise, rebounds above $4,458

January 09, 2026 / 4:55 PM

Sharjah 24 – WAM: Gold regained stability on Thursday, paring earlier losses after slipping toward the $4,400 per troy ounce level. The yellow metal recovered to refocus on the $4,458 zone, regaining some poise as trading progressed.

Dollar strength and yields weigh on prices

The initial decline in gold came as the US dollar strengthened and US Treasury yields rebounded broadly, creating headwinds for bullion and prompting some investors to trim positions.

Mixed mood across financial markets

Wall Street opened lower, with major indices under pressure from profit-taking. Defence stocks outperformed in mixed trade, while crude oil prices advanced amid ongoing geopolitical concerns. Gold, meanwhile, lagged early before stabilising later in the session.

US equities slip from highs

The Dow Jones Industrial Average eased from recent peaks, trading near 49,280, while the S&P 500 hovered around 6,920 and the Nasdaq Composite near 23,445 in early dealings, reflecting cautious sentiment among investors.

Oil advances on geopolitical focus

Oil markets extended earlier gains as traders weighed geopolitical developments and supply dynamics, supporting crude prices during the session.

Precious metals snapshot

Spot gold was last seen around $4,458 per troy ounce. Silver traded near $77 an ounce, platinum around $2,305, and palladium about $1,709, as the precious metals complex remained under pressure from a firmer US dollar.