Gold bias flipped 2 times to neutral on October 4, 2026
Gold is in focus as headlines around Iran, including a proposal to reopen the Strait of Hormuz within seven days and reports of strikes, burning tankers and political pressure, coincide with Treasury yields touching generational highs. At the same time, reports point to an unwind in the gold trade weighing on top mining companies, hoarding by Asian producers, and futures trading very close to Friday's close with 4000 described as support.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 2 times during the day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Neutral
- 22:40Weak bearish
- 23:30Neutral
Headlines (24)
First seen on October 4
- Iran war live: Yemeni forces strike Sanaa as Trump warns Tehran of hard wayAl Jazeera
- Iran to reopen Strait of Hormuz within seven days if US accepts proposalTASS
- Fed minutes coming this week could give markets important clues about future rate hikesMarketWatch
- More tankers struck in the Middle East as Iran reiterates conditions for reopening the Strait of HormuzCNBC
- Our Key Gold Trend Flips Short; Yet ‘The Floor’ of 4000 Is SupportGold Eagle
- Top 50 mining companies take $264 billion hit as gold trade unwinds, lithium stocks exitMining.com
- How to trade gold today as the gold futures market is very close to Friday's closeInvestingLive
- Iran "Decision Week": Trump Teases "Easy Way Or Hard Way" As Tankers Burn, Rial Craters And Tehran's Oil Minister QuitsZeroHedge
- Asian gold producers hoarding the metal at home, from Laos refining to Indonesia's 15% taxInvestingLive
Carried over from earlier days
- Gold Price Forecast: US Nonfarm Payrolls holds the key to XAU/USD’s next big moveFXStreet
- Gold finds support as dovish Fed comments signal low appetite for tighteningInvestingLive
- Gold Remains Range-Bound Amid US Military Deployment to Middle East, Tanker HitsInvesting.com
- US Non Farm Payroll Employment Misses at 29K as Wages Slow and Unemployment Rises to 4.2%ActionForex
- Jobs Huge Miss: Sept Payrolls Plunge To Just 29K, Below All Estimates As July Revised NegativeZeroHedge
- 'Massive Short Squeeze': Yields, Rate-Hike Odds Plummet After Piss-Poor Payrolls PrintZeroHedge
- US jobs market sees sharp slowdown in Septemberbbc.co.uk
- September Payrolls Just Missed by 70,000. Gold and Silver Didn’t Wait to React.GoldSilver
- Gold Weekly Forecast: Precious metal extends slide but safe-haven flows limit lossesFXStreet
- U.S. Hiring Stalls at 29,000 Jobsbabypips.com
- US job growth slows as unemployment rises before midterm electionsAl Jazeera
- Gold fails at $4,200 despite NFP miss as US yields climbFXStreet
- The 29K jobs number isn't the real story. The downward revisions show the labor market turned months agoFXStreet
- Stablecoin issuers have replaced 40% of China’s lost US Treasury demandCryptoSlate
- As Treasury yields touch generational highs, investors brace for market falloutMarketWatch
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, October 5 | ||
| Final Services PMI | 58.7 | USD |
| ISM Services PMI | 55.1 | USD |
| Tuesday, October 6 | ||
| Unemployment Rate | 3.1% | CHF |
| ADP Weekly Employment Change | USD | |
| Trade Balance | -95.2B | USD |
| RCM/TIPP Economic Optimism | 44.5 | USD |
| FOMC Member Bowman Speaks | USD | |
| API Weekly Statistical Bulletin | USD | |