CommoditiesMediumUpdated×2•Originally published 28 September 2026•Updated 28 September 2026•
1 min read
Gold Prices Drop 3% as US 10-Year Treasury Yield Hits 5.22%
Key Facts
1Fed rate hike odds reached 70% as the 10-year Treasury yield hit 5.22%, the highest level since 2007.
2Gold prices slid 3% as investors favored the high yields offered by Treasuries over the non-yielding metal.
Gold prices slid 3% as the 10-year US Treasury yield reached 5.22%. Benzinga reported that the odds of a Federal Reserve rate hike climbed to 70% as bond yields hit their highest levels since 2007.
The GLD instrument closed at $393.41 on September 25, 2026, as investors favored the high yields offered by Treasuries. This price action follows a shift toward fixed-income assets amid expectations of tighter monetary policy under the Federal Reserve led by Kevin Warsh.
Latest Updates · 1
- Notable·
Update: Brent crude surged toward $107 per barrel on September 28, 2026, amid the ongoing Strait of Hormuz standoff. Treasury Secretary Scott Bessent urged the Federal Reserve to look past the energy-driven inflation spike when considering its policy direction.