AGE Gold Commentary

AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.

10/5/2026: Rising yields, dollar pressure gold

Elevated energy prices continue to ripple through the global economy, pushing inflation expectations--and bond yields--higher. The resulting global bond selloff, combined with a surprisingly resilient US economy, is strengthening the dollar and pressuring gold and silver in the short term.

Adding to the downdraft is the annual a week-long October holiday in China that began Thursday and runs through October 8. Historically, this market hiatus has temporarily removed one of precious metals' key sources of support and may be amplifying the current pullback.

In this AGE Gold Commentary, recorded after the US market close on Friday, October 2, I'll break down the latest developments in the diesel squeeze driving refined fuel prices higher--and why the inflationary fallout extends well beyond gasoline and diesel.

I'll also examine the latest US economic data, why bond yields and the dollar are rising, and how these forces have pushed gold and silver lower over the past couple of weeks.

You can also view this video on the AGE YouTube channel, which includes a transcript.

Sincerely,

Dana Samuelson
President