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Gold Steadies as Traders Assess US-Iran Tensions, Fed Rate Path

Bloomberg Markets Friday 09 October 2026, 00:02 UTC By Yihui Xie 1 min read
Key Points

Gold Steadies as Traders Assess US-Iran Tensions, Fed Rate Path Gold was steady after rising moderately the previous day, as traders assessed Middle East tensions following President Donald Trump’s comments that the US wouldn’t attack Iran before November midterm elections. Bullion traded near $4,145 an ounce, recovering from a two-month low seen earlier this week, after Trump said the US was having “productive discussions” with Iran, without offering details.

Gold Steadies as Traders Assess US-Iran Tensions, Fed Rate Path Gold was steady after rising moderately the previous day, as traders assessed Middle East tensions following President Donald Trump’s comments that the US wouldn’t attack Iran before November midterm elections. Bullion traded near $4,145 an ounce, recovering from a two-month low seen earlier this week, after Trump said the US was having “productive discussions” with Iran, without offering details. Benchmark oil prices declined, though a hurricane menacing production in the Gulf of Mexico kept risks elevated.
Middle East (LOCATION) Donald Trump (PERSON) US (LOCATION) Iran (LOCATION) Trump (ORG) the Gulf of Mexico (LOCATION)
Originally published by Bloomberg Markets Read original →

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