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Gold slips as US yields jump and $4,100 stays out of reach

Gold was trading around $4,045, while the US 10-year Treasury yield rose to 4.745%, lifting the dollar and weighing on bullion.

Reported · Written up by our desk · Precious Metals

Gold fell nearly 1.5% as the US dollar recovered after Japanese authorities intervened in foreign exchange markets a day earlier, pushing the greenback to a 30-day low before rebounding, according to FXStreet. Spot gold, quoted as XAU/USD, was around $4,045.

Bullion also struggled because US Treasury yields accelerated, with the US 10-year note yielding 4.745% after rising almost 7.5 basis points. That yield move reflects market focus on whether the Federal Reserve will raise rates again to cool inflation.

FXStreet noted that recent US data showed softer growth in Q2 2025, with GDP easing from 2.1% in Q1 to 1.5% quarter over quarter. The core PCE price index came in at 3.3% year over year, down from 3.4%, a result that helped the Fed keep rates unchanged.

Still, FXStreet said hawkish voices at the Federal Open Market Committee continued to influence rate expectations. Before the July meeting, markets priced in roughly a 60% chance of a September hike, but those odds were later trimmed to about 31%, with the probability of a hold near 70%, while gold failed to decisively break above the $4,100 level.

Latest closeGold $4,098.60 ▼0.0%

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