Gold Fund Gains 0.7% as Bullion Rebounds | Gold & Silver, Oct 8
Gold rebounded on 8 October as yields eased: the GLD fund rose 0.73% and spot gold traded near US$4,135. Silver fund SLV slipped 0.69%. The post Gold Fund Gains 0.7% as Bullion Rebounds | Gold & Silver, Oct 8 appeared first on The Rio Times .
On October 8, 2026, the price of gold rebounded, with the GLD fund rising 0.73% to $378.62, following a 1.67% drop the previous day. Spot gold hovered between $4,130 and $4,140 an ounce. Silver, represented by the SLV fund, experienced a mixed performance, falling 0.69% to $53.45, as spot silver traded near $59.5 to $60. Treasury yields eased from their multi-year highs, aiding the recovery of bullion.
For mining nations like Mexico and Peru, a higher price in commodities bolsters their export income. However, the Federal Reserve's future actions and US yields remain the key factors influencing gold's next move.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
