Gold steadies as bond rally supports bullion, weaker dollar offers further support Roushni Nair Thu, October 15, 2026 at 9:56 PM EDT 2 min read GC=F +0.52% SI=F +1.04% PL=F +1.29% PA=F +0.75% DX-Y.NYB -0.14% Investing.com -- Gold prices edged higher on Friday after rising to a two-week high in the previous session, as concerns over the artificial intelligence investment boom weighed on equities and drove investors toward bonds, pushing U.S. Treasury yields lower.
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At 00:49 ET (04:49 GMT), spot gold rose 0.1% to $4,174.76 an ounce, while U.S. gold futures gained 0.6% to $4,195.87. Silver advanced 0.6% to $57.7855 an ounce, platinum climbed 0.6% to $1,640.78, and palladium rose 0.9% to $1,143.00. The U.S. Dollar Index fell 0.2% to 101.9.
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.
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.
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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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