# Gold rises 1.1% as Treasury yields ease, while bitcoin falls for a fourth straight day

Spot gold climbed to about $4,178 an ounce from a two-month low, and bitcoin traded near $82,700 as investors pulled money from bitcoin exchange-traded funds.

- Published: 2026-10-09T05:18:28.882Z
- Canonical: https://polylog.news/2026-10-09/gold-rises-1-1-as-treasury-yields-ease-while-bitcoin-falls-f
- Publisher: Polylog (Global desk)
- Section: markets
- Sources: [Investing.com Commodities](https://www.investing.com/news/commodities-news/gold-rises-on-softer-dollar-easing-yields-fed-outlook-in-focus-4940135), [Bitcoin Magazine](https://bitcoinmagazine.com/news/ai-coding-agents-drive-bitcoin-integration)

Gold [rose more than 1%](https://www.investing.com/news/commodities-news/gold-rises-on-softer-dollar-easing-yields-fed-outlook-in-focus-4940135) as the dollar weakened and US Treasury yields fell. Spot gold [gained 1.1% to $4,177.83 an ounce](https://www.cnbc.com/2026/10/09/gold-rises-on-softer-dollar-easing-yields-fed-outlook-in-focus.html), a day after falling. The benchmark 10-year Treasury yield fell for a second straight session.

The rebound came after a heavy sell-off in bonds. On October 6, the 10-year yield [reached 5.34% and the 30-year yield 5.70%](https://tradingeconomics.com/united-states/government-bond-yield/news/588457) as investors priced in persistent energy-driven inflation and larger US government borrowing. Traders see a 22% chance that the Federal Reserve raises rates this month and an 84% chance of a rise by December, [according to CME's FedWatch tool](https://www.cnbc.com/2026/10/09/gold-rises-on-softer-dollar-easing-yields-fed-outlook-in-focus.html).

Bitcoin did not join the rebound. It [opened Thursday at $83,275.52](https://finance.yahoo.com/personal-finance/investing/article/bitcoin-and-ethereum-prices-today-thursday-october-8-2026-crypto-values-fall-as-oil-prices-soar-113341860.html), down 2.7% from the previous day, and later traded near $82,700, its fourth straight daily loss. Crypto Times reported [$487 million in outflows from bitcoin exchange-traded funds (ETFs)](https://cryptotimes.io/2026/10/08/bitcoin-price-today-tests-82k-support-as-etf-outflows-hit-487m).

Usage figures are moving the other way. The bitcoin software company Breez said [partnership inquiries had risen about 14-fold](https://bitcoinmagazine.com/news/ai-coding-agents-drive-bitcoin-integration) since artificial-intelligence coding agents became widely used, because developers increasingly add bitcoin payments to applications those agents help build. More developers are building on bitcoin, but that has not changed how the price trades. Bitcoin's price is still moving with financial conditions.

## What this means

When yields rise, gold and bitcoin typically both lose ground to bonds that pay interest, but this week they moved differently. With long-term Treasury yields near multi-decade highs, gold dipped only briefly before recovering. That points to buyers who care less about the yield comparison and more about fiscal and currency risk. Bitcoin fell as ETF holders sold, a pattern typical of a position financed with leverage and dependent on available liquidity. If the Fed raises rates in December, as futures imply, bitcoin is likely to keep underperforming gold over the next two months, because it depends on liquidity that further rate increases would reduce. Sustained inflows into bitcoin ETFs on days when Treasury yields are rising would prove this read wrong.

## What to watch

- The minutes and statements from Federal Reserve officials before the December meeting. A rise in the priced odds of a hike would test whether gold holds its rebound.
- Daily flows into and out of bitcoin ETFs. A turn to inflows while yields stay high would be the first sign that bitcoin is trading separately from liquidity conditions.
- The 30-year Treasury yield relative to its October 6 level. A new high would show the bond sell-off has resumed.