Gold prices struggle to hold early gains as U.S. dollar nears 18-month high, bond yields remain elevated
Gold prices face heavy pressure as a strong U.S. dollar approaches an 18-month high and bond yields stay elevated, keeping investors cautious ahead of key inflation data. Spot gold was quoted around $4,156.20 an ounce after dropping nearly 1%, struggling to maintain recovery momentum following an earlier dip below $4,100. Silver also faced downward pressure, trading near $60.35 an ounce. Market participants remain reluctant to take major positions as they await Wednesday's U.S. Consumer Price Index report to gauge future monetary policy directions.
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- ✓ Spot gold was quoted around $4,156.20 an ounce ahead of the North American trading session, down nearly 1% on the day.
- ✓ Silver traded around $60.35 an ounce after briefly pushing above $61 earlier in the session.
- ✓ Ten-year U.S. Treasury yields ended September at 5.28% and 30-year yields reached 5.63%.
- ✓ Gold ended September at $4,157 an ounce, marking a 3.7% gain for the third quarter.
What changed
Spot gold prices fell nearly 1% and struggled to hold early gains above $4,200 an ounce as the U.S. dollar traded near an 18-month high.
Live updates
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Gold Prices Struggle Against Strong U.S. Dollar and Bond Yields
Gold prices face heavy pressure as a strong U.S. dollar approaches an 18-month high and bond yields stay elevated, keeping investors cautious ahead of key inflation data. Spot gold was quoted around $4,156.20 an ounce after dropping nearly 1%, struggling to maintain recovery momentum following an earlier dip below $4,100. Silver also faced downward pressure, trading near $60.35 an ounce. Market participants remain reluctant to take major positions as they await Wednesday's U.S. Consumer Price Index report to gauge future monetary policy directions.
Why it matters
The precious metal faces a difficult fourth quarter as persistent inflation pressures, rising interest rates, and elevated bond yields create ongoing headwinds. Despite these challenges, gold ended the third quarter with solid gains, supported by structural demand from central banks and renewed investor interest in gold-backed exchange-traded products.
What is confirmed
- Spot gold was quoted around $4,156.20 an ounce ahead of the North American trading session, down nearly 1% on the day.
- Silver traded around $60.35 an ounce after briefly pushing above $61 earlier in the session.
- Ten-year U.S. Treasury yields ended September at 5.28% and 30-year yields reached 5.63%.
- Gold ended September at $4,157 an ounce, marking a 3.7% gain for the third quarter.
What to watch next
- The release of the U.S. Consumer Price Index report on Wednesday.
- Further shifts in U.S. Treasury yields and Federal Reserve monetary policy stances.
confidence 100%Sources used for this update (10)
- economictimes.indiatimes.com — Coronavirus Impact on Crude Oil Price
- www.kitco.com — Gold prices struggle to hold early gains as U.S ... - KITCO
- Reuters — Gold gains as oil, dollar retreat; investors brace for US inflation test
- KITCO — Gold defies multi-decade high bond yields, but Q4 headwinds remain – Invesco
- CNBC — The price of gold today, Oct. 12, 2026 — and the best places to buy
- KITCO — Gold prices struggle to hold early gains as U.S. dollar nears 18-month high, bond yields remain elevated - Kitco AM Report
- Investing.com — Gold inches up as oil dips, traders look ahead to U.S. inflation data
- www.cnbc.com — Gold rebounds on weaker dollar, yields; October Fed ... - CNBC
- biztoc.com — Gold prices struggle to hold early gains as U.S. dollar nears ...
- www.kitco.com — Gold defies multi-decade high bond yields, but Q4 headwinds ...
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