Voila
Gold ticked higher yesterday (Thursday, October 1, 2026) as US Treasury yields softened across the curve and concerns over France’s fiscal outlook increased demand for safe-haven assets. [1]
Key factors driving the move:
- Falling Bond Yields: US Treasury yields eased (with the 10-year Treasury yield retreating from a 24-year high). Lower yields reduce the opportunity cost of holding non-yielding bullion. [1]
- Safe-Haven Demand: New fiscal and political anxieties surrounding France sparked a shift toward safe-haven assets. [1]
- Fed Rate-Hike Bets Pushed Back: Investors pared back expectations for aggressive Federal Reserve interest-rate hikes following softer economic data, giving a short-term boost to precious metals. [1]