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Silver $61.47 ยท Gold steadies ahead of key U.S. jobs data ‌ ‌ ‌ ‌ ‌
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Gold Mornings
Your weekday morning read on gold, metals and miners.
Issue #74 ยท Friday, October 2, 2026
Gold volatility (GVZ)  Cautious ยท 23.3  โ–ผ from 23.7 yesterday
Gold and silver rose modestly as geopolitical tensions and upcoming jobs data kept safe-haven demand steady, while gold miners declined amid cautious volatility.
 
 

โ—  The Numbers

Gold$4,216.70  +0.34%
-2.42% this week
Silver$61.47  +1.22%
-4.33% this week
Platinum$1,742.00  +2.14%
-1.84% this week
Palladium$1,198.00  +2.50%
-5.20% this week
Copper$6.57  +1.38%
-1.85% this week

โ—  The Movers

Leaders

PA=F Palladium+2.50%
PL=F Platinum+2.14%
HG=F Copper+1.38%

Laggards

AEM Agnico Eagle-1.46%
B Barrick Mining-1.40%
GDX Gold Miners ETF-1.21%

The day's best and worst of the tracked metals and miners ยท day-over-day change.

โ—  The Read

Gold โ€” description, not prediction

Trading below both its 50-day ($4,367.36) and 200-day ($4,553.64) averages โ€” the longer-term trend reads as down. 30-day range $4,168.40โ€“$4,697.80; currently in the lower third of that range. RSI(14) 35 โ€” momentum weak.

See where every market sits on the daily page โ†’

What's pushing gold today: the dollar & Treasury yields  on the Dollar & Yields page โ†’

โ—  The Brief

 Gold steadies ahead of key U.S. jobs data

Gold prices held firm as traders awaited U.S. employment figures, a major economic indicator that influences Federal Reserve policy and interest-rate expectations affecting precious metals. (Investing)

 Morning Bid: Yield to worst

Treasury yields and bond market dynamics are reshaping safe-haven flows into precious metals, a core driver of gold and silver demand independent of geopolitical events. (Investing)

 OPEC+ delays oil capacity review after Iran disruption

Middle East tensions and supply disruptions continue to create safe-haven demand environments that typically support gold as investors hedge geopolitical and economic uncertainty. (Investing)

 Greenland Mines discovers vanadium, gallium at Skaergaard

A new precious-metals-bearing resource in Greenland containing palladium, platinum, and gold adds to global mining development activity amid commodity supply discussions. (Mining.com)

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How a gold IRA works

A plain, factual guide to holding physical gold in a retirement account: the eligible metals, rollovers and transfers, custodians, storage, and fees.

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Metals 101

What are 'real yields'?

The interest rate on bonds after subtracting inflation. Gold tends to track real yields closely: when inflation-adjusted returns on bonds drop, non-yielding gold looks relatively more attractive.

Hit reply: What's one market term we should explain in a future Metals 101?
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Gold Mornings is an educational digest for US readers. Nothing here is financial, investment, tax, or legal advice. Metals carry risk โ€” you can lose money, and past performance does not predict future results. Some links may be affiliate links; we may earn a commission at no cost to you. Prices via Yahoo Finance, captured each morning before the US open.

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