Gold edges up as dollar and Treasury yields slip
GLD•Spot gold rose 0.4% to $4,155.34 an ounce as the dollar eased and U.S. Treasury yields edged lower. TD Securities analysts said they expect gold to move above $5,000 an ounce in 2027.
1. Gold gains as yields ease
Spot gold rose 0.4% to $4,155.34 per ounce by 10:09 a.m. EDT, while U.S. gold futures for December delivery gained 0.6% to $4,182.30. A pause in the Treasury yield rally and a weaker dollar supported bullion as investors awaited minutes from the Federal Reserve’s September meeting.
2. Rate outlook in focus
The 10-year Treasury yield edged lower after reaching a more than two-decade high on Monday, and the dollar eased from a one-year high. Traders saw a 22% chance of a Fed rate increase this month and an 84% chance of an increase in December. TD Securities analysts said ongoing ETF buying and discretionary investor demand supported gold and maintained their view that it would rise above $5,000 per ounce in 2027.
