Gold Rallies as Retreating US Treasury Yields Weigh on Dollar

Key Facts

1Gold prices jumped approximately $40 as 10-year US Treasury yields retreated 21 basis points from their post-CPI highs.

2Citi now expects a December Fed rate hike following hotter-than-expected September US inflation data.

3Australia's unemployment rate hit a five-year high of 4.7% in September as jobs fell by 39,300.

Gold prices jumped approximately $40 as 10-year US Treasury yields retreated 21 basis points from their post-inflation data highs. According to investinglive.com, the recovery in Treasuries pressured the US dollar lower against major currencies, while Australia's unemployment rate hit a five-year high of 4.7% in September following a decline in jobs.

Market expectations for monetary policy are shifting, with Citi now forecasting a Federal Reserve rate hike in December following hotter-than-expected September inflation data. In equity markets, TSLA closed at $367.16 and TSM at $430 on October 14, 2026, while C closed at $122.27 on the same day amid volatility driven by yield movements and interest rate outlooks.