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Gold rises slightly as dollar remains steady
Gold prices experienced a slight increase on Monday, October 5, 2026, amid a rising dollar and declining expectations of a U.S. interest rate hike following weak economic data that showed slower job growth in September and revisions to non-farm payroll figures. Gold futures rose by 0.2%, reaching $4,168.80 per ounce, while the spot price stood at $4,146.57. The likelihood of the Federal Reserve raising interest rates in October remains low at 18%, with the chance of an increase in December increasing to nearly 88%. Additionally, oil prices, yields, inflation trends, and geopolitical tensions—such as Yemen's campaign against Iran-backed Houthis—continue to influence the gold market.
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