Gold Falls 3.54% to $4,168.40 as Oil Futures Edge Higher
Gold fell 3.54% to $4,168.40 on September 28, while WTI futures edged up 0.21% to $92.60 and bitcoin slipped 1.19% from its Sunday level.
Gold posted a sharp decline on Monday, September 28, 2026. Gold (GCUSD) fell 3.54% to $4,168.40 from Friday's close of $4,321.20, a drop of $152.80 per ounce.
Crude oil moved modestly higher. WTI futures (CLUSD) edged up 0.21% to $92.60 from $92.41. The FRED daily WTI spot series showed $99.37 for the same date; the two series are compiled from different sources and are presented separately.
The dollar firmed. The dollar-tracking ETF UUP rose 0.28% to 28.70, and the Fed's nominal broad dollar index stood at 120.70. Bitcoin declined 1.19% to $83,456.74 from $84,462.14 recorded on Sunday, September 27.
In equities, the Energy sector ETF (XLE) rose 0.10% to 62.10 on a day when eight of eleven sector funds fell. Health Care (XLV) and Consumer Staples (XLP) were the only other sector funds to post gains, while SPY lost 0.74%.
Oil and fuel policy dominated commodity headlines. A WSJ headline read "Oil Rises Amid Deadlock in U.S.-Iran Ceasefire Talks," and a separate WSJ headline stated that Treasury yields climbed to fresh highs while oil rose. Fox Business aired a segment titled "BOMBSHELL: Trump says he is SERIOUSLY considering a diesel export ban."
Gold's decline was the largest daily percentage move among the four commodity and currency instruments covered here, and bitcoin's 1.19% drop was the second largest. In the broader market, SPY fell 0.74% and the VIX stood at 16.07, according to FRED data.
Data
| Instrument | Close | Change |
|---|---|---|
| Gold (GCUSD) | 4168.40 | -3.54% |
| WTI futures (CLUSD) | 92.60 | +0.21% |
| WTI spot (FRED) | 99.37 | n/a |
| UUP | 28.70 | +0.28% |
| Bitcoin (BTCUSD) | 83456.74 | -1.19% |
Data: FMP, FRED. Figures are close-to-close unless stated.
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Neutral market summary for information only; not investment advice.
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