The yellow metal is heading to record a loss of more than 5% or $90 in September, by closing the last sessions of September and the third quarter of the year on Thursday, September 30th, with a quarterly loss of $40 at current prices of $1728 per ounce, while silver is losing more than 9% in September traded at its lowest level since July last year at $21.52 an ounce.

Metal prices in general, and gold and silver in particular, were affected in September by the rise in the US dollar and the yield on US Treasury bonds, benefiting from the high expectations of tightening monetary policy from the US Federal Reserve and the start of reducing bond purchases before the end of this year.

The general index of the US dollar (Dollar Index) is recording increases in September until the moment by about 1.6% and is trading at levels that are the highest since November 2020 at 94.24, while the yield on US Treasury bonds for ten years is trading at its highest level in three months at 1.54 this morning and is heading to record gains for the month The second in a row.

Platinum is trading at an increase of about 0.40% at levels of $955, but it has fallen by about $55 since the beginning of September.

On the other hand, palladium is trading at an increase of about 1.34% in the middle of today’s trading session, the last session of September, at levels of 1882, and it is heading to record a loss of more than 550 dollars in September.