Gold drops 1 percent as markets assess Fed signals, await US inflation data
Published . Updated .
Gold prices fell 1 percent on Thursday as investors assessed signals from the Federal Reserve and Chair Kevin Warsh after policymakers left interest rates unchanged, while awaiting key US inflation data later in the day for further clues on the rate outlook.
Directly affected
- No company is named in this report.
Indirectly affected
- GLD SPDR Gold Shares-3.3% 30d
SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- GDX VanEck Gold Miners ETF-10.4% 30d
VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story.
- TLT iShares 20+ Year Treasury Bond ETF-1.8% 30d
iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.
- TIP iShares TIPS Bond ETF-0.5% 30d
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- JPM JPMorgan Chase-3.8% 30d
JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.
- BAC Bank of America-12.5% 30d
Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.
- NEM Newmont-7.5% 30d
Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
- AEM Agnico Eagle Mines-7.6% 30d
Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| GLDNo price data for this ticker | — | — | — | — | — | — | — |
| GDX | -2.63% | -3.49% | base | after close | after close | after close | after close |
| TLT | +0.89% | +0.83% | base | after close | after close | after close | after close |
| TIPNo price data for this ticker | — | — | — | — | — | — | — |
| JPM | -0.85% | -1.58% | base | after close | after close | after close | after close |
| BAC | +0.41% | -0.65% | base | after close | after close | after close | after close |
| NEMNo price data for this ticker | — | — | — | — | — | — | — |
| AEM | -3.84% | -4.03% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Gold drops 1 percent as markets assess Fed signals, await US inflation data The Standard (HK)
Source: The Standard (HK)
Price since this story was published: Spdr Gold Trust (GLD)
| Company | When | Move | Status |
|---|---|---|---|
| Agnico Eagle Mines (AEM) | three days earlier | -4.03% | final price |
| Agnico Eagle Mines (AEM) | five days earlier | -3.84% | final price |
| Bank Of America (BAC) | three days earlier | -0.65% | final price |
| Bank Of America (BAC) | five days earlier | +0.41% | final price |
| Vaneck Etf Trust (GDX) | three days earlier | -3.49% | final price |
| Vaneck Etf Trust (GDX) | five days earlier | -2.63% | final price |
| Jpmorgan Chase (JPM) | three days earlier | -1.58% | final price |
| Jpmorgan Chase (JPM) | five days earlier | -0.85% | final price |
| Ishares Tr (TLT) | three days earlier | +0.83% | final price |
| Ishares Tr (TLT) | five days earlier | +0.89% | final price |
Trades by members of Congress and officials in the stocks in this story
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 55 days before publication. Filed 1 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM), worth $15,001 - $50,000 on 4 Sep 2026. That is 55 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 27 Aug 2026. That is 63 days before publication. Filed 4 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 50 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Laurel Lee sold Bank Of America (BAC) (held by a spouse), worth $50,001 - $100,000 on 24 Aug 2026. That is 66 days before publication. Filed 16 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Newmont (NEM), worth $1,001 - $15,000 on 24 Aug 2026. That is 66 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Spdr Gold Trust (GLD)
Companies carried with this story
- GLD Spdr Gold Trust
In “Gold drops 1 percent as markets assess Fed signals, await US inflation data,” Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence. Reason on file: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
- GDX Vaneck Etf Trust
In “Gold drops 1 percent as markets assess Fed signals, await US inflation data,” Vaneck Etf Trust (GDX) is linked, with no stored direction, medium confidence. Reason on file: VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story
- TLT Ishares Tr
Ishares Tr (TLT) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Gold drops 1 percent as markets assess Fed signals, await US inflation data.” Reason on file: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story
- TIP Ishares Tr
In “Gold drops 1 percent as markets assess Fed signals, await US inflation data,” Ishares Tr (TIP) is linked, with no stored direction, medium confidence. Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- NEM Newmont
For “Gold drops 1 percent as markets assess Fed signals, await US inflation data,” Newmont (NEM) is linked, with no stored direction, medium confidence. Reason on file: Newmont (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- JPM Jpmorgan Chase
For “Gold drops 1 percent as markets assess Fed signals, await US inflation data,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story
- AEM Agnico Eagle Mines
Agnico Eagle Mines (AEM) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Gold drops 1 percent as markets assess Fed signals, await US inflation data.” Reason on file: Agnico Eagle Mines (gold and silver ores): gold miners' profits move with the gold price. Linked by “gold” (gold) in this story
- BAC Bank Of America
In “Gold drops 1 percent as markets assess Fed signals, await US inflation data,” Bank Of America (BAC) is linked, with no stored direction, medium confidence. Reason on file: Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story
Spdr Gold Trust (GLD)
“Gold drops 1 percent as markets assess Fed signals, await US inflation data” (29 Oct 2026) reaches Spdr Gold Trust (GLD) through this story.
The link for Spdr Gold Trust (GLD) is this: SPDR Gold Shares: it follows gold or gold miners. Linked by “gold” (gold) in this story
Also listed, Vaneck Etf Trust (GDX): VanEck Gold Miners ETF: it follows gold or gold miners. Linked by “gold” (gold) in this story
Dates in the story, and the Spdr Gold Trust (GLD) price range
GDX traded between 78.92 and 89.70 across 20 sessions. The latest close on file is 83.13. GLD traded between 373.41 and 400.78 across 20 sessions. The latest close on file is 379.67. TLT traded between 76.44 and 81.94 across 20 sessions. The latest close on file is 79.46.
What the saved facts support for Spdr Gold Trust (GLD)
46 out of 100
“Gold drops 1 percent as markets assess Fed signals, await US inflation data” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.