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CommoditiesMediumUpdated•Originally published 28 September 2026•Updated 28 September 2026•
1 min read

Gold Prices Drop 3% as US Treasury Yields Surge to 5.22%

Key Facts

1Gold prices fell 3% and silver dropped 5% during the European session before bouncing off their lows.
2The decline is driven by pressure from rising US 10-year Treasury yields reaching 5.22% and a strong US dollar.

Gold prices fell 3% and silver dropped 5% during the European session before bouncing slightly off their lows. Forex.com reported that the decline was driven by pressure from rising US 10-year Treasury yields and a strong US dollar.

The US 10-year Treasury yield reached 5.22%, making non-yielding assets like gold less attractive to investors. This surge in yields broke the metal's recent period of resilience as the rallying dollar added further downward pressure on commodity prices.

Latest Updates · 1

  1. Notable·

    Update: Société Générale analysts noted on September 28, 2026, that gold's failure to sustain gains above its 200-day moving average has reinforced downward momentum. The bank indicated that this technical breach is driving prices toward critical support levels as selling pressure persists.