{
  "id": 12760652,
  "title": "Gold ETF Falls 1.7% as Fed Hike Bets Weigh | Gold & Silver, Oct 7",
  "url": "https://urgent.news/2026/10/08/gold-etf-falls-1-7-as-fed-hike-bets-weigh-gold-silver-oct-7",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T00:54:49.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/gold-silver-precious-metals-wednesday-october-7-2026/"
  },
  "original_language": "en",
  "account": "On Wednesday, 7 October, gold and silver prices fell as traders weighed bets on future Federal Reserve rate hikes. The SPDR Gold Trust (GLD) fund, which tracks the price of physical gold, fell 1.67% to $375.88, while the iShares Silver Trust (SLV) fell 2.94% to $53.82. The spot price of gold dipped to its lowest level since August 5, hovering near $4,114 per ounce, while US December gold futures settled 1.1% lower at $4,140.70. A stronger US dollar and high US bond yields were the primary pressures behind the decline, as traders also considered the Federal Reserve's minutes, which suggest another interest rate increase this year. Higher interest rates generally make gold less appealing as it does not pay interest. For mining nations like Mexico and Peru, lower metal prices reduce export earnings. GLD closed at $375.88, down 1.67%, and SLV closed at $53.82, down 2.94%. Silver fell approximately twice as much as gold, which is typical when risk-averse investors seek safer assets. The US dollar index climbed 0.41% to 102.25, and the 10-year Treasury yield increased by 0.11%, rising from an earlier level. The S&P 500 dropped 0.22%.",
  "summary": "Gold and silver slid as the dollar and Treasury yields climbed and Fed minutes pointed to another rate rise. US gold futures settled at US$4,140.70. The post Gold ETF Falls 1.7% as Fed Hike Bets Weigh | Gold & Silver, Oct 7 appeared first on The Rio Times .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}