Gold Prices Decline as Markets Assess Higher Oil Prices and Treasury Yields - Yahoo Finance

AI desk brief

Gold fell 0.5% to $4,267.43/oz in spot trade and 0.4% to $4,301.17/oz in futures as markets weighed higher oil prices, rising U.S. Treasury yields and a more hawkish Fed path. The move came alongside a jump in October Fed hike odds to 77.5% from 55.4% a week earlier, while December hike odds rose above 58%, reinforcing the headwind from higher real-rate expectations for non-yielding bullion.

Brent crude moved back above $100/bbl on renewed U.S.-Iran tensions and Strait of Hormuz concerns, keeping inflation and policy risks in focus. The 10-year Treasury yield posted its biggest one-day rise since April 2025, adding further near-term pressure to gold.