Gold steadies near $4,160 as stock selloff drives bond rally, Treasury yields fall Roushni Nair Thu, October 15, 2026 at 9:56 PM EDT 2 min read GC=F +0.59% SI=F +1.38% PL=F +1.44% DX-Y.NYB -0.06% PA=F +1.02% Investing.com -- Gold prices held near $4,160 an ounce on Friday after rising to a two-week high, as a selloff in equities prompted investors to seek safety in bonds and pushed U.S. Treasury yields lower.
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Concerns over the artificial intelligence investment boom weighed on chipmakers and fuelled a global bond rally, although pressure on stocks was easing on Friday.
At 21:17 ET (01:17 GMT), XAU/USD fell 0.3% to $4,158.33 an ounce, while Gold Futures rose 0.2% to $4,179.40. XAG/USD slipped 0.2% to $57.3175 an ounce, while XPT/USD declined 0.3% to $1,625.55. XPD/USD fell 0.5% to $1,127.70, while the U.S. Dollar Index declined 0.5% to 102.04.
Gold rose 1.6% in the previous session, its biggest advance in more than two weeks, recovering losses after investors shifted out of equities and into bonds.
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Yields fell by as much as 12 to 15 basis points across the U.S. Treasury curve, helping gold because the non-yielding metal typically benefits when returns on interest-bearing assets decline.
Although stock-market pressure was easing on Friday, the shift toward fixed-income assets had helped support gold.
The precious metal has nevertheless remained under pressure from elevated borrowing costs, losing around a fifth of its value since the U.S.-Iran war erupted in late February.
A stronger-than-expected U.S. consumer price index reading for September on Wednesday, followed by producer-price and retail-sales data on Thursday, has increased market expectations of a potential Federal Reserve rate hike in October.
Investors are now looking for further guidance from Federal Reserve Chair Kevin Warsh, who is scheduled to speak at an International Monetary Fund meeting in Bangkok at 10:30 a.m. local time on Friday.
His remarks are expected to provide additional clues about the central bank's policy outlook.
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