The early surge in prices followed inflation data that came in lower than expected, reducing market bets that the Fed would implement an interest rate hike in October. This shift in expectations initially drove investors back toward gold before the strengthening dollar and rising yields capped the upside.
Tuesday, October 20, 2026
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Spot Gold Stabilizes at $4,141 After Yields Hit Multi Decade Highs
Commodities15 days ago
Prices for the precious metal ended near $4,141.27 an ounce on Oct. 5, after an initial rally of 0.7% was offset by a strengthening US dollar. Gains were limited by renewed concerns over European debt and US Treasury yields climbing to multi-decade highs, which pressured the metal and neutralized earlier momentum.
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