02/10/2026
News Report β Friday October 2nd, 2026
ααΆααααα»αααααΆααα
α»αααααααααααΆαααΆααααΈ αα
ααααααααΈααααΆαααΆαα
αΌααααααΆαα
ααααααΆααααΆαααΆαααααΆαααΆαα’αΆαααα·ααα
αααααα»ααααααα αααααααΆαααααΆαα (Spot gold) ααΆαααααΆααα
α»α 0.6% ααααααΉα $4,154.78 αααα»ααα½αα’αααα αα
ααααΉααααα 0205 GMT αααααααα·α
αα
αααααΆαα·αααΆαα’ααΆααα’αΆαααα·αααΆαααααΆααα
α»α 0.4% ααααααΉα $4,184.00α ααα αααΆαα»αα½ααααααΆαααααΆααα
α»αααΆα 3% αααααΆαααααααΆα αααα αααααααΎα±ααααΆαααα»ααααα·ααα
ααΎααααΌαααααααα
ααααΆαααααΆααα
α»ααααα
αΆααααααΆα αααΆααΎαααΈααΈαααΆαααααααΆ αααααΆααααΈααΆααααα
αααααΆαααα α»ααααα»ααααααααΆα ααΆαααα
α·ααααα»αααΆααααααΆααααααααΈααααΆαααΆαααααα ααΊαααα·ααα
ααΎαααΆαααΆαααααΆαααΆααααα
ααααααααααα·αααα (nonfarm payrolls) ααααα’αΆαααα·ααααααΆαααααααααΆ αααα’αΆα
ααΆα’ααααααααααΆ ααΎαααααααΆαααΉαααααααααΆααα
α»αααα α¬ααΆαααα αααααααΆααααΆααααα»αααΎαα‘αΎααα·αα
α
ααα»α
αα·αααααααΆααααΈααααΆααα
ααααααα ααΊααΆαααααααΆααααα»αααααααΆααα
α»α αααααΈααΆααΆαααααΉααα»ααααααΆααααΆαααα‘αΎαα’ααααΆααΆαααααΆαααααααααΆααΆααααααΆαα’αΆαααα·α (Fed) αα
αααα»ααααα»ααΆ ααΆααα½αααααααΆαααααΆαααααααα αα·ααααααα’αα·ααααΆα’αΆαααα·αααααααααΆααααΆαααΆαααααΉααα»α αααααΆαα
ααααααΆαααΆαααΈααΎααααααΆα αααα ααΆααααα αΆαααΆ αααααΆααααααααα·αααΆαααΎαα‘αΎααα·α
ααΆαααΆαααααΉααα»ααα
αααα»αααααΈα αΆ αααααααα½αααα’αα·ααααΆαα»ααααααΌαααΆαααααααα½αα±ααααΆαααΆααα»αα ααΆαααααα α₯α‘αΌααααα’αΆααΈααααα½αααΎααΎαααΎαααααΉααααααα αα 25% ααα±ααΆαααααΆαααα‘αΎαα’ααααΆααΆαααααΆαααα
αααα»ααΆααα»ααααα αααααΆαααααΆααα
α»ααααΆαααααΆααααΈαααα αα 70% ααΆαααΈαα½ααααααΆα ααα»αα αααααΆαααΆαααΆααααα ααΆαααααΉααα»ααααααΆααααααααΌαα
ααααΆαααααα·ααααααααΆαααα αααααΈααααΆααααα»αααΆααααααΌααΆαααΈααΈαααααα αα 79% ααααΆαααα‘αΎαα’ααααΆααΆαααααΆαααα½αααΎααααα
α’αααΈαααααααΆαααααααΊ ααΆαααΎαα‘αΎαααααααααααααααααααα»ααααααΆαα·ααΆαααααααααα αα·ααααααααΌαβααΆαβαα»αα
αααΆαααΆαααααα»ααααααΆαααααΉααα»αααααΆαααα‘αΎαα’ααααΆααΆαααααΆααααααΆαααααα Fed ααααααααα α’ααααα·ααΆαααΈααααΆααααα»αα
ααα’α»ααααα αΆαααΆααααααααΆααα‘αΎααα
ααΎαα»αααααΆαα αΆαα·αααααααααααα (term premiums) ααΆαααα
αΈααααΆαααααααααααΆαα·ααΆα αα·αααααΈααΆαααααααααααΆαααΎαααα ααΆα ααα»αααααααΆααααΆααααα
ααααααααααα»αα ααΆααααα
ααα±ααα
αααΆαααααααΆαααΆααααααΆααααααΆαααααααΆαααααααααΆαα αααααΈααΆ Fed αααααΆααααααΆαααα‘αΎαα’ααααΆααΆαααααΆαααα½αααΎααααααααα ααααΆαα’αΆα
ααΉααααααααα·αααααααααααΆα ααααα·αααΎααααααααααααααααααα
ααααααααΎαα‘αΎαα ααΆαααΎαα‘αΎαααααααααααα’αΆαα»ααΆα 10 ααααΆα ααααααα
ααααααα·αααααααααα»ααααα»ααααααα 24 ααααΆα ααΌα
ααααα αΎαααΆαααααΆαααΆααΆααα·ααααααααααααΆαααααα»ααα½ααααααΆααααα αααΆαα»ααΆαααααααα
αααα»ααααααΆα ααααα
αααΆαααΆαααααΆαααΆαα’αΆαααα·ααα
α
α»αααααααα α’αΆα
ααΉαααααΆααααααΌααααααΈαααααΉαααααααααα α’αααααααααα·α
αα
ααααΉαααΆ ααΆαααΆααααα
ααααααααααα·αααααααααααΆααΉαααΎαα‘αΎααααα αα 90,000 αααααα αααααΆααΆαααα
α»αααααΏααααΆαααααΆααααΈααΆαααΎαα‘αΎα 162,000 αααααααααααΆαααΆαααΆααααααααΆααααααΈα αΆα α’ααααΆααααΆαααΆαααΆαααααΎααααΌαααΆαααααΉαααΆααΉααα
ααααΆαααααα·α 4.1% ααααααααααΆαααααα½αααααααααα
αΆαααααααααΌαααΆαααααΆααααααΆααΉαααΎαα‘αΎααααα αα 3.2% ααΎαααααΉαααααΆααα»αα αα·αα·αααα·αααΉαααα
α·ααααα»αααΆααααΆαα·ααααα
ααΎααααΆαααααα½α αααααΆαααααΆαααΎαα‘αΎαααααΆαααααα½αααααΆααααΆααα»α α’αΆα
αααααΆααααΈααΆααααα’αααΈα’αα·ααααΆα±αααα
ααααααΆα αααααΈααΆααΆααααααΎαααΆαααΆαααα»αααΆαααααα·αααααααααααα
Gold is heading into Fridayβs U.S. employment report under renewed pressure. Spot gold fell 0.6% to $4,154.78 per ounce by 0205 GMT, while U.S. gold futures declined 0.4% to $4,184.00. The metal is down more than 3% for the week, putting it on track for a second consecutive weekly decline after Septemberβs sharp sell-off. The immediate market focus is now firmly on the September U.S. nonfarm payrolls report, which could determine whether gold extends its decline or finds room for a recovery.
The unusual part of todayβs market is that gold is falling even though expectations for an October Federal Reserve rate hike have collapsed. Cooler-than-expected U.S. inflation data released earlier this week showed that price pressures increased less than expected in August, while earlier inflation figures were revised lower. As a result, traders now see only about a 25% chance of an October rate increase, down sharply from roughly 70% a week ago. However, expectations for December remain much higher, with markets pricing around a 79% probability of another hike.
Importantly, the rise in long-term Treasury yields is no longer being driven entirely by expectations of an immediate Fed hike. Market analysts are increasingly pointing toward term premiums, government borrowing and fiscal concerns as reasons for the bond sell-off. That distinction matters for gold: even if the Fed delays another rate increase, bullion can remain under pressure if long-term yields continue climbing. The 10-year yieldβs move toward a 24-year high has therefore become one of the most important developments for precious metals this week.
The U.S. jobs report later today could change that balance. Economists expect September nonfarm payrolls to increase by approximately 90,000, a significant slowdown from the 162,000 increase reported for August. The unemployment rate is expected to remain at 4.1%, while average hourly earnings are forecast to rise about 3.2% year over year. Investors will pay particular attention to wages because stronger wage growth could keep inflation concerns alive even if headline job creation is weak.