[October 2 Gold Price Summary · Based on Korea Gold Exchange]

According to the Korea Gold Exchange's gold prices on October 2, 2026, gold prices fell slightly. Prices by major product are as follows.

• Pure gold 24K (Gold24k-3.75g): Buy 802,000 won (down 0.25% from previous day) / Sell 690,000 won (down 0.14%)
• 18K (Gold18k-3.75g): Sell 507,200 won (down 0.14%)
• 14K (Gold14k-3.75g): Sell 393,300 won (down 0.15%)
• Platinum (Platinum-3.75g): Buy 329,000 won (up 0.30%) / Sell 267,000 won (up 0.37%)
• Silver (Silver-3.75g): Buy 11,190 won (down 0.54%) / Sell 9,320 won (down 0.43%)

[Gold Holding Steady Despite High Interest Rates… Has the Inverse Relationship with Bond Yields Broken?]

In the gold market, recent movements in which bond yields and gold prices have partially deviated from their traditional inverse relationship are drawing attention. Analysts say that despite high Treasury yields, central bank gold purchases and safe-asset demand are supporting gold prices.

In fact, gold prices fell about 6% over the month of September but still remain above $4,000 per ounce. The retreat of U.S. Treasury yields from their intraday highs in late trading also eased the burden. The U.S. 10-year Treasury yield, which had risen as high as 5.34% during the session, later fell back to the 5.2% level.

On the 1st (local time), the New York stock market also recouped its losses as the rise in bond yields narrowed, with the Dow Jones Industrial Average, the S&P 500, and the Nasdaq all closing slightly higher.

[Future Variables: Treasury Yields, the Dollar, and U.S. Employment Data]

However, there are too many variables to conclude that gold prices have fully turned back upward. If Treasury yields rise again or the dollar strengthens, downward pressure on gold prices could re-emerge. Conversely, if the rise in yields subsides and expectations of further Fed tightening diminish, the opportunity cost burden on gold could also ease.

Market participants' attention is shifting to U.S. employment indicators. If employment comes in stronger than expected, wariness of Fed tightening could grow again, potentially pushing Treasury yields and the dollar higher. Conversely, if a slowdown in the labor market is confirmed, upward pressure on interest rates would lessen, reducing the burden on the gold market as well.

[Market Structure and Outlook]

Ultimately, the current gold market is a contest between 'high Treasury yields' and 'easing expectations of rate hikes.' The fact that gold prices are holding around $4,100 per ounce even as the U.S. 10-year Treasury yield has climbed to its highest level in 24 years suggests that the future direction of Treasury yields and the dollar will be the key variables determining gold's short-term direction.

[※ This article is for investment reference purposes only and does not constitute investment advice. All investments are made at one's own discretion, and the final responsibility for buying and selling rests with the investor.]