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Gold futures finish sharply lower amid strength in dollar

08 Oct 2026 Evaluate

Gold futures finished sharply lower on Wednesday, saddled by the strength in dollar and as 10-year US Treasury yields hitting multi-decade highs near 5.36%. Furthermore, intensified bets on higher for longer interest rates after hawkish Federal Reserve meeting minutes also pressured investment appeal of non-yielding bullion.

Gold futures for December delivery down by $46.40 or 1.11% to settle at $4,140.70 an ounce on the Comex division of the New York Mercantile. While, spot gold rose by $28.48 or 0.69% to $ 4,139.71 an ounce.