Gold ends week under pressure after Friday slide
The delayed XAUTicker feed put spot gold at $4,139.24 on Friday, down 0.91%, as headlines tied the week’s pressure to yields and dollar strength.
Gold ended the week with a Friday setback. The delayed XAUTicker feed showed spot gold at $4,139.24 per troy ounce on 2026-10-02, down $38.05, or 0.91%, from the previous close, after trading between $4,126.04 and $4,224.79. Kitco described gold as heading for a weekly drop, while CME Group and Yahoo Finance linked pressure to higher Treasury yields. Spot silver closed at $60.37, down 1.01%, and the gold/silver ratio stood at 68.6.
Continued from the evening edition of 2 October 2026. Prices below are frozen at publication — the live gold price has the current figure, and this guide covers what tends to move it.
Yields and the dollar set the tone
CME Group reported that gold futures reversed early gains as high Treasury yields pressured the market. Kitco said gold was heading for a weekly drop as a strong dollar and elevated Treasury yields weighed. Yahoo Finance also framed the move as a bond selloff pressuring gold, while saying soft jobs data offered a reprieve. Investorideas.com separately said the USD Index had soared to a new 2026 high, and TradingView pointed to dollar strength alongside oil and hawkish Fed policy. Taken together, the headlines presented a week in which macro pressure outweighed attempts at recovery.
- Gold futures reverse early gains as high Treasury yields pressure market. CME Group
- Gold heads for weekly drop as strong dollar, elevated Treasury yields weigh Kitco
- Bond Selloff Pressures Gold; Soft Jobs Data Offers a Reprieve Yahoo Finance
- Dollar Strengthens on Oil Surge & Hawkish Fed Policy: ETFs to Benefit TradingView
- Gold Alert: The USD Index Soars to New 2026 Highs Investorideas.com
Jobs data failed to hold a rally
Several publishers focused on the same tension after the U.S. jobs data. Seeking Alpha said gold futures turned lower as weak U.S. payrolls failed to sustain gains. AD HOC NEWS reported that gold slipped 0.9% to $4,140 as weak U.S. payrolls failed to sustain a rally. Kitco said gold bulls were disappointed that the weak jobs report did not spark a rally, and StoneX said XAU/USD remained under pressure even after the NFP report. Moomoo earlier reported that spot gold extended gains after U.S. jobs data, underscoring how the initial reaction gave way to selling by the close.
- Gold Update: XAU/USD Remains Under Pressure Even After the NFP Report stonex.com
- Gold futures turn lower as weak U.S. payrolls fail to sustain gains (GLD:NYSEARCA) Seeking Alpha
- Gold bulls disappointed as weak jobs report fails to spark rally, $4,000 support looms Kitco
- Gold Slips 0.9% to $4,140 as Weak US Payrolls Fail to Sustain a Rally AD HOC NEWS
- Spot Gold Extends Gains After US Jobs Data, L Moomoo
Fed pause talk met inflation caution
The rate-policy headlines were mixed but centred on October. Reuters reported that the Fed may skip October but pull a rate-hike trigger in December. ING THINK said cooler U.S. jobs growth supported a Federal Reserve pause in October, and The New York Times said the soft jobs report boosted market bets that the Fed would skip an October rate increase. Moomoo cited a Federal Reserve vice chair saying inflation risks persist but there is no rush for the next move, while The Straits Times reported that the Federal Reserve’s Kashkari said the central bank must lower inflation pressures.
- Fed may skip October but pull rate hike trigger in December Reuters
- Cooler US jobs growth supports a Federal Reserve pause in October - ING THINK Economic and financial analysis | ING THINK ING THINK Economic and financial analysis | ING THINK
- Soft Jobs Report Boosts Market Bets Fed Will Skip October Rate Increase The New York Times
- Federal Reserve Vice Chair: Inflation Risks Persist, but No Rush for Next Move Moomoo
- US Federal Reserve’s Kashkari says US central bank must lower inflation pressures The Straits Times
Physical and institutional demand stayed in view
Beyond the Friday selloff, demand and allocation headlines remained active. Kitco reported that Asian gold demand improved as the price pullback drew buyers. Geomechanics.io said pension funds were using gold as a bond hedge weakened, and the World Gold Council published case studies on gold in pension funds. GoldSilver said one central bank sold while most were still buying, and Kitco reported that the Bank of Korea planned a gold purchase from domestic producers in December. AD HOC NEWS also said China’s gold imports topped 1,000 tons as ETF investors piled back in.
- Pension funds use gold as bond hedge weakens: allocation signals for mine planners Geomechanics.io
- Asian gold demand improves as price pullback draws buyers Kitco
- Central Bank Gold Reserves: One Sold, Most Are Still Buying GoldSilver
- Bank of Korea plans gold purchase from domestic producers in December Kitco
- Gold in Pension Funds: Case studies | Post by Jeremy De Pessemier | Insights World Gold Council
- China's Gold Imports Top 1,000 Tons as ETF Investors Pile Back In AD HOC NEWS
What to watch
- Whether Treasury yields keep pressuring gold, as CME Group and Yahoo Finance reported.
- Whether dollar strength remains a headwind, after Kitco and Investorideas.com flagged it.
- How markets treat October Fed pause headlines from Reuters, ING THINK and The New York Times.
- Whether Kitco’s reported Asian demand improvement persists after the pullback.