# Gold Hits Weekly High on Bargain Hunting

> Gold rises to one-week high as bargain buying pushes for weekly gain.
- Title: Gold Hits Weekly High on Bargain Hunting · mint | Shortify
- Summary: Gold rises to one-week high as bargain buying pushes for weekly gain. Gold reached a one-week high of $4,194.36 per ounce, heading for a 1.3% weekly gain due…
- Keywords: gold, us federal reserve, treasury yields, bargain hunting, spot gold, federal reserve rate hikes, us 10-year treasury yields, cme fedwatch tool, money, business, Hits, Weekly
- Source: mint — https://livemint.com/market/gold-hits-one-week-high-heads-for-weekly-gain-on-bargainhunting-11791575483915.html
- Published: 2026-10-09T19:51:23+00:00
- Read time: 1 min
- Topics: gold, us federal reserve, treasury yields, bargain hunting, spot gold, federal reserve rate hikes, us 10-year treasury yields, cme fedwatch tool, money, business
## Gold Hits One-Week High
Gold rose 1.5% to $4,194.36 per ounce by 03:29 p.m. EDT, heading for a weekly gain of about 1.3%.
## Bargain Buying Emerges
Bullion fell to a two-month low earlier this week as a stronger dollar and rising US Treasury yields weighed on the metal.
## Analyst Insights
Rhona O'Connell, head of market analysis at Stone X, noted bargain hunting at the lows as a floor builds in the $4,000-region.
## Rate Hike Expectations
Traders price in a 19% chance of a rate hike in October and an 84% probability of at least one 25-basis-point increase by December.
## Next Week's Catalyst
The upcoming CPI release may act as a catalyst for gold's next big move, potentially forcing spot gold to re-test the $4,000 support level.
## Key takeaway

Gold reached a one-week high of $4,194.36 per ounce, heading for a 1.3% weekly gain due to bargain hunting after falling to a two-month low.