HIGHER INTEREST RATES AND OIL DRIVING GOLD & SILVER LOWER

CLICK HERE FOR NEW Morgan Silver Dollars

CLICK HERE FOR NEW Peace Silver Dollars

CLICK HERE FOR NEW $20 Gold Saint Gaudens

I’m very happy that the month of September is behind us, with Gold dropping over $400 per ounce during that month. Why has the price of Gold been under pressure?

The U.S. Dollar reached a 2-year high, over 102; interest rates on bonds and Treasury bills have moved higher, while oil and diesel prices have increased. Another negative for the Gold price is that China hosts the largest physical of future trading exchanges and is closed for holidays the first week of October.

Why is the Dollar moving higher? The U.S. Dollar is needed for international trade, and with the price of oil and diesel at record highs, which is costing more U.S. Dollars, it’s causing heavy demand. Plus, many hot money international traders are moving into U.S. Dollars for the higher interest rates.

I think the big question right now is what’s happening to the Gold price from here.
Well, Gold has tested the key long-term support level of $4,000 per ounce many times in July and briefly reached a low of $3,988 on July 12th before bouncing back immediately. Gold has shown excellent price support and record trading volume every time the price gets near that important $4,000 per ounce level.

The long-term picture for the Gold price has never looked better, and I expect Gold to move back above $5,000 within the next six months. But it’s the short-term that’s the big question. With the current direction of interest rates, the U.S. Dollar, oil and diesel prices, and the election coming up next month, Gold could test that $4,000 support level. If that happens, it will be an extraordinary opportunity to add to your Gold holdings.

Gold closed Friday at $4,140 per ounce, down $155 for the week.

Key Economic data to watch this week:

• October 5th, Monday:
• October 6th, Tuesday: U.S. Trade Balance
• October 7th, Wednesday: Aug Consumer Credit
• October 8th, Thursday: Weekly Jobless Claims and Monthly Wholesale Trade
• October 9th, Friday:

Today: Last night in overseas trading, Gold started higher; when trading moved to India, Gold dropped to $4,122 per ounce. When trading reached London, Gold reached a high of $4,171 per ounce. Clearly, Gold is looking for a sound support foundation.

Last Friday, Silver closed at $60.20 per ounce, down $3.95 for the week. Silver tested the $60 per ounce support level three times last week and held. I would like to think that $60 could be a good support level; however, in the last three months, Silver has traded below, reaching a low of $55.90 on July 12th. Recently, I have seen an increase in physical demand for many of the popular Silver investment coins.

Today: Silver started today moving higher in overseas trading in London, reaching a high of $62.15 before seeing selling in the U.S.

I’m proud to provide the October 2026 version of CoinStats free of charge for our clients. It has been updated with current prices and populations for regular and plus grades. Other features on CoinStats for October 2026 are six different series: $20 Gold Saint Gaudens, $20 Gold Liberties, $10 Gold Indians, Morgan & Peace Silver Dollars, and the Walking Liberty Half Dollar.

The CoinStats report provides a list of my recommended certified U.S. Gold and Silver coins, which are found listed on the Best Value page. These are not the modern issue bullion coins or low-grade circulated coins. These are PCGS-certified MS63 or higher Gold & Silver U.S. rare coins, dated prior to 1948, which have a proven track record of appreciation and also offer excellent liquidity.

The October 2026 version of CoinStats has updated populations and prices from PCGS. I have also included information on increases in all PCGS grade populations from issue to issue, plus increases in popular PCGS Registries at the bottom of the Best Value page. As we start 2026, there are many investment-quality rare Gold and Silver coins that are undervalued. We have identified them in Red on the CoinStats final page in each type. In the precious metals section, there are a number of rare coins with great values.

If you wish to receive a copy of the current CoinStats, just reply in the subject line with the series requested.

REMEMBER MY DAILY BLOG

If you want to get the update on what’s happening in the Gold, Silver, and rare coin markets any weekday, our company offers a daily blog Monday through Friday at www.stupplerblog.com

Barry Stuppler has been a professional numismatist for over 60 years and is considered one the nation’s foremost experts in rare coins and precious metals. Mr. Stuppler is a past President of the American Numismatic Association (ANA) and Professional Numismatists Guild (PNG). He is currently chairman of the Federal and California State Gold & Silver Political Action Committees, and president of the
Anti-Counterfeiting Educational Foundation. Barry Stuppler, the original founder of MintStateGold.com, is proud to say he has helped over 25,000 rare coin and precious metal investors and collectors to build their collections and holdings. For more information about Barry click here.

All statements, opinions, pricing, and ideas herein are believed to be reliable, truthful and accurate to the best of Stuppler & Company’s knowledge at this time. Stuppler & Company disclaims and is not liable for any claims or losses which may be incurred by third parties while relying on information published herein. Individuals should not look at this publication as giving finance or investment advice or information for their individual suitability. All readers are advised to independently verify all representations made herein or by its representatives for your individual suitability before making your investment or collecting decisions.

Stuppler & Company, Inc. 5855 Topanga Canyon Blvd. Suite 410, Woodland Hills, CA 91367
888-454-0444 - [email protected].