Gold!

Gold is spiking.

After the disappointing September jobs report, markets were seeing a decidedly "risk off" trade, with stocks getting crushed, bonds rallying, and gold spiking.

After the report's release, gold futures were up nearly 2% in New York to trade at around $1,135 an ounce.

Meanwhile Dow futures were down more than 200 points, and the US 10-year Treasury note was back below 2% for the first time since August.

In September, the US economy added 142,000 jobs, fewer than expected, while wages disappointed and the labor-force participation rate fell to a fresh 38-year low.

Here's gold.

fut_chart (1)

(FinViz)

NOW WATCH: Fed's Bullard gave us a great baseball analogy to explain what the Fed is doing wrong

More From Business Insider

• Bed Bath and Beyond's famous coupons are backfiring
  

• Gold likes it when the Fed stalls
  

• Even gold is down ...