Gold holds near $4,145 an ounce as traders weigh Iran tensions
Oil prices fell while a hurricane threatening Gulf of Mexico production kept energy markets on edge.
By The Carnegie Standard Markets Desk
· 1 min read
Gold prices held steady on October 9, 2026, after rising moderately on October 8, 2026, as traders weighed tensions in the Middle East following comments from President Donald Trump that the United States would not attack Iran before the November midterm elections.
Bullion changed hands near $4,145 an ounce, having rebounded from a two-month low reached earlier in the week. Trump said the United States was having "productive discussions" with Iran but did not offer further details. Benchmark oil prices declined even as a hurricane threatening oil production in the Gulf of Mexico kept risk levels elevated in energy markets.
This story was first reported by Bloomberg.
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