empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

09.10.202609:13 Forex Analysis & Reviews: Gold's Bounce on Easier Yields Is No Reason for Optimism

Rilevanza fino a 07:00 UTC+00

Gold rose more than 1% today and trades around $4,200/oz, recovering from a two-month low hit earlier in the week. Silver gained 1.8% to $60.24 and erased the prior session's losses; platinum and palladium also advanced.

Exchange Rates 09.10.2026 analysis

Thursday's $22bn 30-year Treasury auction was the catalyst. Cheaper bonds drew buyers, demand was solid, and yields fell across the curve, retreating from multi-decade highs. The 10-year yield had been near 5.31% after Wednesday's 5.35% peak. Gold, which pays no interest, benefits when yields fall; those who had pressed short positions at the peak suffered.

Oil added support. Brent fell below $103 after Donald Trump said the US would not strike Iran before the November 3 midterms, and the logic is straightforward: cheaper energy eases inflation expectations, easing pressure on rates and yields — and on gold. However, Hormuz remains the backdrop: since early October, nine attacks on vessels have been reported, and any new incident could push oil back above $105 in a single session and revive pressure on the metal.

The Federal Reserve sets the ceiling for this bounce. Policy is currently 3.75–4.00%; the market expects a pause in October and a 25bp hike to 4.00–4.25% in December with roughly an 80% probability. St. Louis Fed President Alberto Musalem said yesterday that rates should rise over the next six-to-nine months to return inflation to 2%, though he did not argue for an immediate move. Banks remain optimistic on gold: Goldman Sachs projects $4,900 by year-end, and Citi $4,800 in the next three months, though the metal remains far from the January record near $5,600.

Exchange Rates 09.10.2026 analysis

Technical picture: buyers need to take the near resistance at $4,186 to target $4,249, above which a breakout becomes difficult. The far target is $4,304. On the downside, bears will try to seize $4,124. If they succeed, a range break would seriously damage bull positions and push gold toward $4,062, with a prospect of reaching $4,047.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Miroslaw Bawulski,
Analytical expert of InstaSpot
© 2007-2026
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.