Gold Advances as Oil Prices and Bond Yields Retreat

2026-10-09 03:06 By Jam Kaimo Samonte 1 min. read

Gold rose above $4,150 an ounce on Friday, gaining for a second consecutive session as falling oil prices and bond yields eased pressure on non-yielding metals.

Oil prices declined after President Donald Trump said the US was engaged in “productive discussions” with Iran and would refrain from attacking the country before the midterm elections.

His remarks came even as Iran intensified attacks on tankers transiting the Strait of Hormuz this week, while a hurricane disrupted offshore oil production in the Gulf of Mexico.

Meanwhile, US Treasury yields retreated from 24-year highs following strong demand at a 30-year bond auction, indicating that investors remained willing to buy long-dated government debt despite the recent selloff.

On the monetary policy front, markets are pricing in roughly an 82% chance that the Federal Reserve will keep interest rates unchanged this month, while the probability of a rate hike in December stands at around 81%.



News Stream
Gold Advances as Oil Prices and Bond Yields Retreat
Gold rose above $4,150 an ounce on Friday, gaining for a second consecutive session as falling oil prices and bond yields eased pressure on non-yielding metals. Oil prices declined after President Donald Trump said the US was engaged in “productive discussions” with Iran and would refrain from attacking the country before the midterm elections. His remarks came even as Iran intensified attacks on tankers transiting the Strait of Hormuz this week, while a hurricane disrupted offshore oil production in the Gulf of Mexico. Meanwhile, US Treasury yields retreated from 24-year highs following strong demand at a 30-year bond auction, indicating that investors remained willing to buy long-dated government debt despite the recent selloff. On the monetary policy front, markets are pricing in roughly an 82% chance that the Federal Reserve will keep interest rates unchanged this month, while the probability of a rate hike in December stands at around 81%.
2026-10-09
Gold Set to End Week Little Changed
Gold steadied near $4,150 an ounce on Friday and was on track to finish the week little changed, as investors assessed developments in the Middle East and the outlook for Federal Reserve monetary policy. Oil prices eased after President Donald Trump said the US was engaged in “productive discussions” with Iran and would refrain from attacking the country before the midterm elections. His comments came even as Iran intensified attacks on tankers passing through the Strait of Hormuz this week. A hurricane also disrupted US offshore oil production in the Gulf of Mexico. Meanwhile, markets are currently pricing in an approximately 82% probability that the Fed will keep interest rates unchanged this month, while the odds of a rate hike in December stand at around 81%. On Thursday, St. Louis Fed President Alberto Musalem indicated that rates may need to rise over the next six to nine months to bring inflation back toward the central bank’s 2% target.
2026-10-09
Gold Holds Near Two-Month Low
Gold prices hovered around $4,120 an ounce on Thursday, remaining close to a two-month low reached on Wednesday, as investors assessed the Federal Reserve’s September meeting minutes for clues on the interest-rate outlook. The dollar held near an 18-month high, while US Treasury yields remained close to their highest level in more than two decades after the minutes showed all 19 policymakers backed September’s rate hike, with most seeing another increase as appropriate before year-end. Markets now see a near 17% chance of a hike in October and an over 85% probability of a December increase, according to the CME FedWatch Tool. Higher interest rates reduce the appeal of non-yielding gold. Meanwhile, geopolitical tensions continued to support some demand for safe-haven assets. The number of vessels transiting the Strait of Hormuz fell to its lowest level in more than two months as fighting in the region escalated, according to shipping data.
2026-10-08