Gold prices fell to their lowest in two months after the Federal Reserve indicated another interest rate hike may occur by year-end, pushing rates to 3.75%-4.00%. Rising Treasury yields and a stronger US dollar have made bonds more attractive than gold, leading to a 26% drop from gold's January peak. Mining stocks fell even more sharply due to fixed costs and profit margin pressures, with major miners like Newmont and Barrick seeing significant declines. Central banks, especially China, continue buying gold, but uncertainty over further Fed hikes and high yields keep gold stocks under pressure until the interest rate outlook clears up.
GLD trades at USD 377.46 with a slight 0.42% gain as of Oct 08, 2026 22:02 WIB, showing some resilience despite gold's recent drop to a two-month low. Gold miners like GDX and Newmont also edged up by 0.47% and 0.36% respectively, reflecting cautious buying interest on Pluang. Barrick Gold remains steady at USD 39.31 with no sell orders, indicating some investor confidence amid ongoing Fed rate hike concerns.
