{
  "id": 15689137,
  "title": "Gold tumbles below $4,150 amid elevated US Treasury yields",
  "url": "https://urgent.news/2026/10/19/gold-tumbles-below-4-150-amid-elevated-us-treasury-yields",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T23:23:06.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/gold-tumbles-below-4-150-amid-elevated-us-treasury-yields-202610192323"
  },
  "original_language": "en",
  "account": "Gold prices dipped below $4,150 during the start of Asian trading on Tuesday, continuing a downward trend following a rise in US Treasury yields. Despite falling global energy prices, investors remained cautious about future US interest rate decisions before the Federal Reserve's upcoming policy meeting. The 2-year and 10-year Treasury yields both increased by more than 3 and 4 basis points, respectively, while the 30-year yield rose by more than 4 basis points. Traders noted that higher yields, generally unfavorable for gold, stemmed partly from French bond selloffs caused by violent unrest. Although the Federal Reserve raised rates in September for the first time since 2023, market participants are still uncertain about the central bank's next move. Fed Chair Kevin Warsh suggested that rates might remain steady this month, although traders continue to interpret his comments as leaning toward maintaining the current rate. The majority of Fed futures indicate an 82.8% probability of the central bank holding rates steady in the October policy meeting. Deutsche Bank strategists highlighted a relatively light data calendar this week, allowing markets to focus on the strong inflation readings from the previous week. They also pointed out that AI-related growth concerns contributed to a rally in sovereign bonds, with the US 10-year yield falling by 16.5 basis points last week and the 1-year Euro inflation swap rising by 21 basis points. Although Fed Chair Warsh delivered a moderately constructive speech, his remarks suggested a cautious approach to policy decisions, particularly in light of recent economic data and emerging technology-driven risks. Gold's bearish near-term outlook was reinforced by its price trading below the 100-day Simple Moving Average, the Bollinger Bands' 20-day middle band, and a relatively low Relative Strength Index. The precious metal serves as a safe-haven asset, a hedge against inflation, and a store of value, with central banks holding significant amounts of gold to bolster currency stability.",
  "summary": "Gold price (XAU/USD) falls to around $4,135 during the early Asian session on Tuesday. The precious metal extends its downside as US bond yields stayed elevated despite falling energy prices.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Ajel English",
        "title": "Gold slips as US dollar and Treasury yields climb",
        "url": "https://urgent.news/2026/10/19/gold-slips-as-us-dollar-and-treasury-yields-climb",
        "published": "2026-10-19T23:27:33.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}