{"id":5862,"date":"2026-10-03T15:15:43","date_gmt":"2026-10-03T15:15:43","guid":{"rendered":"https:\/\/tradertideinsights.com\/?p=5862"},"modified":"2026-10-03T15:15:43","modified_gmt":"2026-10-03T15:15:43","slug":"evening-digest-us-jobs-cool-gold-falls-as-treasury-yields-rise","status":"publish","type":"post","link":"https:\/\/tradertideinsights.com\/?p=5862","title":{"rendered":"Evening digest: US jobs cool, gold falls as Treasury yields rise"},"content":{"rendered":"
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US employers added far fewer jobs than expected in September, while the unemployment rate rose to 4.2%, strengthening expectations that the Federal Reserve may leave interest rates unchanged in October.<\/p>\n

Gold prices fell as a stronger dollar and elevated Treasury yields outweighed earlier support from the weaker US jobs report.<\/p>\n

Oil prices were mixed after European countries agreed to release additional diesel stockpiles, easing concerns over fuel supplies.<\/p>\n

US Treasury yields reversed an initial decline after the jobs data, with the 10-year yield rising back above 5.2% as investors continued to assess the outlook for Federal Reserve policy.<\/p>\n

US job growth slows<\/h2>\n

The US economy added 29,000 jobs in September<\/a>, well below the 84,000 increase expected by economists in the Dow Jones consensus. <\/p>\n

The unemployment rate rose to 4.2% from 4.1%, while the labour force participation rate edged up to 61.8%.<\/p>\n

The latest employment report also included significant downward revisions to previous months. <\/p>\n

July payroll growth was revised from an initial increase of 21,000 to a decline of 10,000, while August growth was revised from 162,000 to 133,000.<\/p>\n

The revisions reduced combined employment gains for July and August by 60,000 from previous estimates.<\/p>\n

The unemployment rate has remained within a relatively narrow range of 4.1% to 4.3% since March, while the employment-population ratio stood at 59.2% in September.<\/p>\n

The weak report increased market expectations that the Fed will keep rates unchanged at its October meeting. Traders were pricing roughly a 25% chance of an October rate hike, compared with about 70% earlier in the week.<\/p>\n

Gold prices extend losses<\/h2>\n

Gold prices fell on Friday after initially gaining more than 1% following the weak employment report.<\/p>\n

Spot gold declined 0.75% to $4,146.54 an ounce and was down about 3.19% for the week. US gold futures settled 0.59% lower at $4,177.50.<\/p>\n

A stronger dollar and higher Treasury yields weighed on the non-yielding metal. <\/p>\n

The dollar was heading for a weekly gain, while 10- and 30-year Treasury yields had reached their highest levels since 2002 earlier in the week.<\/p>\n

The weaker jobs report had initially supported gold by reducing expectations for another Fed rate increase. <\/p>\n

However, traders continued to assess whether the central bank would maintain a relatively hawkish stance.<\/p>\n

Spot silver fell 0.8% to $60.36, platinum declined 2% to $1,692.90 and palladium lost 0.5%. <\/p>\n

All three metals were headed for weekly declines.<\/p>\n

WTI declines while Brent rises<\/h2>\n

Oil prices fell after European countries agreed to a proposal to release additional diesel reserves.<\/p>\n

West Texas Intermediate declined 1.72%, to $91.28. Brent crude reversed initial loss of 1.76% and was trading 0.24% higher at $102.56. <\/p>\n

Brent was down about 1.51% for the week, while WTI was around 1.05% lower.<\/p>\n

The European Union’s move followed discussions around a French proposal to release 50 million barrels of diesel, while members of the International Energy Agency could release another 50 million barrels of crude.<\/p>\n

The move came after concerns over refined fuel supplies had pushed oil prices higher. <\/p>\n

Chinese refiners had suspended October fuel exports to preserve domestic inventories, while refinery disruptions in the Middle East and Russia had also constrained refined-product supplies.<\/p>\n

Barclays raised its fourth-quarter Brent forecast by $20 to $115 a barrel and lifted its 2026 forecast to $100, citing strong physical-market fundamentals despite improved crude flows from the Middle East.<\/p>\n

Treasury yields move higher<\/h2>\n

Treasury yields initially declined after the weak employment report but later reversed higher.<\/p>\n

The 10-year Treasury yield rose almost five basis points to 5.292%, while the 30-year yield increased three basis points to 5.642%. The two-year yield, which is particularly sensitive to expectations for Fed policy, rose five basis points to 4.841%.<\/p>\n

Earlier in the week, the 10-year yield had reached its highest level since 2002 amid concerns about inflation and expectations that interest rates could remain elevated for longer.<\/p>\n

The yield reversal showed that investors were still assessing the broader policy outlook despite the weaker labour market data. <\/p>\n

Market participants continued to weigh the possibility of another rate increase later in the year, with December remaining a potential window for further tightening.<\/p>\n

Yields across major European economies also eased by around three basis points as pressure on global government bonds moderated following the sharp sell-off earlier in the week.<\/p>\n

The post Evening digest: US jobs cool, gold falls as Treasury yields rise<\/a> appeared first on Invezz<\/a><\/p>\n

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US employers added far fewer jobs than expected in September, while the unemployment rate rose to 4.2%, strengthening expectations that the Federal Reserve may leave interest rates unchanged in October.Gold prices fell as a stronger dollar and elevated Treasury yields outweighed earlier support from the weaker US jobs report.Oil prices were mixed after European countries…<\/p>\n","protected":false},"author":1,"featured_media":5863,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5862"}],"version-history":[{"count":0,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5862\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/media\/5863"}],"wp:attachment":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}