Gold rose more than 1% on Friday after the dollar weakened and U.S. Treasury yields fell, rebounding from a two-month low on Wednesday. The U.S. 10-year yield slid for a second session and oil declined after Trump said the U.S. would not attack Iran before the November midterms, easing Middle East supply concerns. Critical Metals CEO Tony Sage warned further monetary tightening could still pose downside risk to gold and said traders will watch upcoming economic data for policy clues ahead of the

2026-10-09

Gold rose more than 1% on Friday after the dollar weakened and U.S. Treasury yields fell, rebounding from a two-month low on Wednesday. The U.S. 10-year yield slid for a second session and oil declined after Trump said the U.S. would not attack Iran before the November midterms, easing Middle East supply concerns. Critical Metals CEO Tony Sage warned further monetary tightening could still pose downside risk to gold and said traders will watch upcoming economic data for policy clues ahead of the Fed's October meeting; weaker data or guidance could push yields lower and support bullion.