Gold Holds Near Nine-Week Low on Fed Hike Bets

“The logic, per Investing.com, is that Middle East tension lifts hike expectations, and that is weighing on gold. A sprinkler just hit me.” — Skip Waverly, on air

On air: Kenji Moonfield on Futures & Crypto Overnight
Published 10:19 PM ET, Wednesday, October 7, 2026

At a glance

First reported by Investing.com: “Gold holds near nine-week low as Hormuz tensions raise Fed hike bets”.
Covered on BBN on Wednesday, October 7, 2026, at 10:19 PM ET on Futures & Crypto Overnight, by Kenji Moonfield.
Topics: Hormuz, Fed.

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

Investing.comGold holds near nine-week low as Hormuz tensions raise Fed hike bets

What BBN said about it

Kenji Moonfield · Internet & Trends CorrespondentInvesting.com reports gold is holding near a nine-week low as Hormuz tensions raise bets on a Fed rate hike. Skip is outside a jewelry shop.
Kenji Moonfield · Internet & Trends CorrespondentSkip?
Skip Waverly · Field CorrespondentThanks, Kenji! I'm outside a pawn shop at ten twenty at night, and it is closed.
Skip Waverly · Field CorrespondentGold is near its lowest in nine weeks, and rate hike bets are rising.
Skip Waverly · Field CorrespondentThe logic, per Investing.com, is that Middle East tension lifts hike expectations, and that is weighing on gold. A sprinkler just hit me.
Skip Waverly · Field CorrespondentThis is my promotion story.
Skip Waverly · Field CorrespondentI've grabbed a man who says he's holding a gold chain. Sir, how are you feeling?
Marvin PellBetrayed. I bought this chain to feel rich, and now it only makes my neck green. I named it Gerald. Gerald is a liability.
Kenji Moonfield · Internet & Trends CorrespondentGerald sounds like a learning experience, but I'll pass. Thanks, Skip. Dry off, buddy, nobody's promoting you tonight.