Gold slipped on Monday as oil prices held gains due to the Strait of Hormuz standoff and higher inflation expectations, offsetting safe-haven demand.
Bitcoin's 90-day correlation with gold hit a six-year high, and BTC is 3% away from turning positive against gold for 2026.
Yen strengthened, oil prices fell, and 10-year Treasury yields remained near 5.17% in European trading.
Gold declined after Trump's comments on Iran and strong US PMIs, but renewed deal hopes and Strait of Hormuz reopening offer support.
Copper futures hit a record $6.95/lb on Sept 22, outpacing gold's flat 2026 amid supply tightness and AI demand.
China's Mid-Autumn and National Day holidays thin Asian markets, heightening volatility risks.
InvestingLive and Base Markets host a free webinar on October 13, 2026, covering gold trading, market noise, broker checks, and risk management.
An institutional investor has allocated an initial $1 million to a delta-neutral gold strategy using Streamex's GLDY token, with follow-on investments expected.
Gold prices declined toward last week's lows as 10-year Treasury yields rose above 5.10%, pressuring the non-yielding metal.
Goldman cut its end-2026 gold forecast to $4,650/oz from $4,900, kept $5,400 target for 2027, citing central bank buying.
US services PMI at 58.7 beats 56.0 forecast, sending 10-year yields above 5% and boosting the dollar.
US dollar gains across the board; stocks fall ahead of PMI data.
A 24-karat Pokémon gold figure of Gholdengo costs about $9,800, nearly five times the $2,080 value of its gold content.
Brent crude regained $100, yields and dollar rose, European stocks slipped on inflation fears.
Gold slipped to the key $4,300 support zone as Trump dampened de-escalation hopes; eyes on US PMIs and Iran talks.