Gold price today, October 22nd: Escapes one-week low as bond yields fall. - Vietnam.vn

AI desk brief

Gold rebounded after touching a near one-week low, with spot up 0.39% to $4,140.3/oz and December futures up 0.2% to $4,150/oz. The move was supported by falling 10-year U.S. Treasury yields, which lowered the opportunity cost of holding bullion.

Traders are now focused on the Fed’s Oct. 27-28 policy meeting and next week’s PCE inflation report for clues on the interest-rate path. Near-term direction will likely hinge on whether yields and inflation expectations continue to ease or re-tighten.