A weekly summary of the daily comments on gold prices provided by financial planner Mizuno Takashi (水野 崇). It organizes the gold price, change from the previous day and key factors for each day from 10/5 to 10/9, together with market catalysts.
As of the morning of 9 October, this week's gold price stood at ¥22,894, up ¥214 from the previous day. On 8 October 2026, a decline in NY gold futures and rising long-term interest rates weighed on prices, while dollar movements also exerted downward pressure. Gold consequently moved to a level ¥371 below the previous day’s price.
On 7 October, the gold price rose to ¥23,051, up ¥179 from the previous day. Lower US long-term interest rates and a weaker dollar the previous day, together with market caution over France's fiscal concerns, provided support and prompted some buying back.
On 6 October, the gold price subsequently fell back to ¥22,872, down ¥78 from the previous day. Expectations of a deterioration in the US employment figures, persistently high US long-term interest rates and a stronger dollar resulting from the euro's decline weighed on prices, once again capping the gold market.
On 5 October, gold ended trading at ¥22,950, up ¥39 from the previous day. Expectations of additional rate hikes receded at times amid the impact of the September US employment figures, but movements in US long-term interest rates drove gold prices that day.