Why is the glittering gold losing its sparkle? - The Economic Times

AI desk brief

Gold fell below $4,000/oz after reaching nearly $5,600 in late January 2026, a roughly 29% decline, according to this non-editorial commentary by BFC Capital’s Sharad Bindal. It reports US 10-year and 30-year Treasury yields near 5.13% and 5.44%, and Brent at $114.6/barrel on October 28 in its 2026 narrative. Bindal attributes pressure to rising yields and dollar strength; higher nominal yields alone do not establish higher real yields. The piece cites the World Gold Council linking September’s pullback to changing Fed expectations and softer global gold ETF flows. Oil-driven inflation could weigh further if it prompts tighter Fed policy.