Gold price today, Friday, October 16, 2026: Gold lifts as Treasury yields and dollar fall back - Yahoo Finance

AI desk brief

Gold December futures opened at $4,192.10/oz on Friday and were up to $4,204.40/oz by 6:45 a.m. ET, regaining the $4,200 handle as 10-year Treasury yields and the U.S. dollar fell back. Despite hotter-than-expected CPI and PPI this week, the market is still pricing about an 85% chance the Fed holds rates at its Oct. 28 meeting, which is keeping the near-term bid in bullion alive.

The piece also notes gold is up 0.8% versus a week ago but down 3.3% over the past month and 0.8% over the past year, while broader macro uncertainty from two global conflicts and energy-price pressure continues to support the metal's inflation-hedge appeal.