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Gold Falls to $4,135 an Ounce as Treasury Yields Rise
Why is gold down today?
Gold (XAU/USD) slipped to about $4,135 an ounce on Tuesday, extending Monday's 0.6% drop, as a firmer dollar and 10-year Treasury yields near 5.14% weighed on the metal.
Key numbers
| Spot gold (Oct 19 close) | $4,137.80-0.63% on the day |
|---|---|
| 10-year Treasury yield | 5.14%+4 basis points |
| December Fed hike odds | ~90%Fed expected to hold Oct 28 (per [1]) |
| US September inflation | 3.7%+0.6% vs August |
| Brent crude (December) | $109.55-0.3% |
What happened
Gold (XAU/USD) slipped to about $4,135 an ounce on Tuesday, extending Monday's 0.6% drop, as a firmer dollar and 10-year Treasury yields near 5.14% weighed on the metal. A stronger dollar makes gold more expensive for overseas buyers, and government bonds paying more than 5% make a metal that pays no interest less appealing. Oil near $110 a barrel and September inflation of 3.7% have kept traders expecting the US central bank (the Fed) to raise interest rates again in December, with odds near 90% (per).
Why it matters
Who this affects
- MarketbearishLow impact
- Gold investors face small losses; bond buyers earn more yield.
- CompanybearishMedium impact
- Gold owners: price is about 5% below a month ago.
- CompetitorsmixedLow impact
- Silver edged up 0.1% while gold slipped, a mixed picture.
- IndustrymixedLow impact
- Bullion buyers pay about 4% less than a year ago.
Gold vs Silver, Platinum, Palladium
| GoldXAUUSD | $4,137.80 | -0.63% |
|---|---|---|
| SilverXAGUSD | $56.93 | +0.12% |
| PlatinumXPTUSD | $1,643 [3] | — |
| PalladiumXPDUSD | $1,120 [3] | — |
As of 2026-10-19
How we got here
Gold trades at $4,168 an ounce, about 4% below a month earlier.
Spot gold ends at $4,137.80, down 0.63%, as the dollar and Treasury yields rise.
Gold slips to about $4,135 in Asian trading as the 10-year yield holds near 5.14%.
What to watch
- Fed policy meeting: rates expected to hold, with December hike odds near 90%.2026-10-28
- Japan's national CPI inflation data due Friday, with US big-tech Q3 earnings also ahead.2026-10-23
Educational content only. Not investment advice.
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