Gold bias flipped 18 times to bullish on October 7, 2026
Gold fell to a two-month low and saw a sharp move described as shedding $400 billion in minutes before rebounding, with prices also reported lower in India. The declines have been linked to a rebound in the U.S. dollar and Treasury yields ahead of Fed Minutes, including the 10-year yield climbing to 5.345% and a 24-year-high bond yield. Despite an 8.5% price slide, headlines note continued demand through gold ETFs.
Updated
The reading that day
BullishAt the close of the UTC day.
BearishNeutralBullish
It changed 18 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
- 00:00Bullish
- 00:46Neutral
- 02:06Weak bearish
- 04:36Bearish
- 04:56Neutral
- 07:32Weak bullish
- 08:07Weak bearish
- 08:57Neutral
- 09:47Weak bullish
- 10:02Neutral
- 10:52Bearish
- 12:17Neutral
- 14:17Bearish
- 14:32Neutral
- 15:12Bearish
- 17:12Bullish
- 17:47Neutral
- 19:33Bearish
- 23:04Bullish
Headlines (16)
First seen on October 7
- Gold Price Forecast: XAU/USD eyes Fed Minutes for fresh impetus after holding $4,100FXStreet
- India Gold price today: Gold falls, according to FXStreet dataFXStreet
- Gold falls as US Dollar, Treasury yields rebound ahead of Fed MinutesFXStreet
- Warning signal: Gold's failure at the 200-day moving average puts $3,940 in playFXStreet
- Gold ETF rush defies 8.5% gold price slidenorthernminer.com
- Gold: Dip buying case builds into 2027 – TD SecuritiesFXStreet
- Gold and Silver Shed $400 Billion in Minutes. Here’s What Really HappenedBeInCrypto
- Gold Selloff Deepens as 10-Year Yield Climbs to 5.345%Investing.com
Carried over from earlier days
- Gold bulls remain on the sidelines as USD rallies to fresh YTD peakFXStreet
- Gold struggles as dovish Fed repricing meets stronger US Dollar, elevated yieldsFXStreet
- Gold and Silver Are Rising Today. So Is the Dollar. That’s Rare.GoldSilver
- Treasury Yields Are Tightening: What It Means for GoldGoldSilver
- $4,100: For how long can Gold defend that level?FXStreet
- Gold price slides as yields surge, but SPDR holdings tell a different storyInvestingLive
- Gold Is Rising Today. A 24-Year-High Bond Yield Says It Shouldn’t Be.GoldSilver
- Gold Fell to a Two-Month Low Today. Then It Rebounded Before Lunch.GoldSilver
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, October 7 | ||
| FOMC Member Williams Speaks | USD | |
| Foreign Currency Reserves | CHF | |
| Crude Oil Inventories | 1.9M | USD |
| President Trump Speaks | USD | |
| 10-y Bond Auction | USD | |
| FOMC Meeting Minutes | USD | |
| Consumer Credit m/m | 14.5B | USD |
| Thursday, October 8 | ||
| Gov Board Member Martin Speaks | CHF | |