Gold Slips 0.30% to US$4,012 as Yields Rise | Gold & Silver, Oct 23
Gold ended the week 3.8% lower at US$4,012 an ounce as higher US yields and a firmer dollar weighed on bullion, silver and gold miners. The post Gold Slips 0.30% to US$4,012 as Yields Rise | Gold & Silver, Oct 23 appeared first on The Rio Times .
Gold prices slipped by 0.30% to US$4,012 per ounce on Friday, October 23, 2026, after US yields rose and the dollar strengthened. Spot gold ended the day below its October 16 close of US$4,168, falling 3.8% over the week. Silver fund SLV declined 1.26%, and gold miners declined more significantly. The US 10-year Treasury yield rose to 5.00% from 4.96%, while the dollar index gained 0.14% to 101.75.
Strong US economic data, including the S&P Global manufacturing PMI at 56.0, the services reading at 57.9, and the composite reading at 57.6, all exceeded expectations, adding to gold's pressure. Investors are increasingly focused on US interest rates rather than safety. If yields remain above 5%, gold is expected to stay under pressure.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
