Gold drops 4% amid rising yields; traders bullish on gold but bearish on high-yield bonds.

Gold prices fell 4% to their lowest since early August as 10-year and 30-year Treasury yields rose above 5.3% and 5.4%, respectively. High-yield corporate bonds also declined, hitting their lowest since April 2025. Options traders are optimistic about a gold rebound, with call options outnumbering puts on gold ETFs, while bearish sentiment dominates high-yield bond options, with puts heavily favored. The market is concerned about rising default risks and variable-rate debt maturing next year in the high-yield bond sector, suggesting cautious investor sentiment ahead.

As of Sep 29, 2026 18:46 WIB, gold and high-yield bond ETFs show mixed signals on Pluang. The SPDR Gold Trust (GLD) trades at USD 380.49 with a 1-day gain of 0.68%, while the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) is priced at USD 77.61, up 0.10% for the day. Notably, Pluang users hold GLD for an average of 72 days and show 67% buy activity, contrasting with HYG's 58-day hold and 100% buy orders, highlighting differing investor engagement with these assets.