Baker Hughes US Total Rig Count comes in at 588, matching previous

The Baker Hughes US Total Rig Count was released today, September 4, 2026, at 588. This figure matched the previous count of 588. There was no consensus figure available for comparison.

The market reaction in the hour following the release showed varied movements across USD pairs and gold. AUDUSD moved -6.3 pips, EURUSD -7.1 pips, NZDUSD -7.4 pips, USDCHF +6.5 pips, and USDJPY +5.2 pips. These moves were all larger than their respective median 1-hour moves, with NZDUSD’s move exceeding its top-quarter threshold of 6 pips. GBPUSD saw a -5.1 pip move and USDCAD a +0.9 pip move, both of which were smaller than their median 1-hour moves of 6 pips. Gold, XAUUSD, experienced a significant -181 pip move, substantially larger than its median 1-hour move of 17 pips.