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Search fieldHome page Seeking Alpha - Power to InvestorsSearch for Symbols, analysts, keywordsAbout PremiumCreate free accountLog in Gold futures turn lower as weak U.S. payrolls fail to sustain gains Oct 02, 2026, 5:35 PM ETSPDR Gold Shares ETF (GLD), GDX, IAU, NUGT, XAUUSD:CUR, SLVSIL, SGOL, SIVR, GDXJ, PHYS, PSLV, DUST, SGDM, RING, OUNZ, SILJ, SGDJ, BAR, GLDM, AAAU, XAGUSD:CURBy : Carl Surran, SA News Editor Gold futures fell on Friday, reversing earlier gains that followed a sharply weaker-than-expected U.S. employment report and succumbing to a continued selloff in U.S. Treasurys. The Labor Department said just 29K jobs were created in September, well below expectations, after a downwardly To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser. Is this happening to you frequently? Please report it on our feedback forum. If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. Search fieldEntering text into the input field will update the search result below Quick Insights Rising Treasury yields reduce gold's appeal as a non-yielding asset, leading to lower gold prices. Gold's price has remained strong due to high official sector purchases and its lack of new lows since July despite multi-decade high bond yields. The analyst notes low positioning, oversold conditions, and underownership make the current setup attractive for gold investment.
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