Gold Fund Gains 1.6% as Treasury Yields Ease | Gold & Silver, Oct 9
Gold rebounded on 9 October as US yields eased: the GLD fund rose 1.57% and spot gold neared US$4,183. The silver fund SLV gained 2.49%. The post Gold Fund Gains 1.6% as Treasury Yields Ease | Gold & Silver, Oct 9 appeared first on The Rio Times .
Gold and silver prices surged on October 9, 2026, following a drop in US bond yields. The SPDR Gold Shares (GLD) fund gained 1.57%, while the SPDR Silver Shares (SLV) fund rose 2.49%. The increase in gold and silver prices was driven by lower long-term yields and a weaker US dollar. Gold, which does not pay interest, becomes more attractive when yields drop.
Both gold and silver miners, including Newmont and Hecla, saw gains, reflecting the strength of the metals. The metals are also important to Mexico and Peru, the world's largest silver and gold/silver producers, respectively. The gold-to-silver price ratio narrowed as silver outperformed gold. While the rally is positive, long-term yields remain elevated, so a rebound could reverse if interest rates rise again.
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