Gold slid 24.6% from the 2026 pinnacle of $5,417 an ounce to $4,125 on Oct. 6, 2026, as Treasury yields climbed and the Fed signaled further tightening.
Mirae Asset’s October 6 note attributes the correction to higher bond yields rather than a deterioration in underlying demand drivers. The fund stresses that the fall reflects a shift in risk appetite, not a change in gold’s intrinsic appeal.
The note flags the $4,200‑per‑ounce level as an attractive entry point for investors, while warning that near‑term volatility may persist. It echoes a broader market sentiment that gold remains a safe‑haven even as yields rise.
Looking ahead, Mirae Asset expects central‑bank purchases, reserve diversification and geopolitical uncertainty to provide medium‑to‑long‑term support for gold demand. The fund signals that if Treasury yields plateau, the price could find a rebound.