Business · Markets · 3 hrs ago
Gold Gains as Stock Selloff Drives Investors Toward Safe-Haven Bonds
Gold rose as investors sought safer assets after a tech-led stock selloff unsettled markets on Thursday.
The move also pushed down US Treasury yields, helping gold recover nearly all of its losses from the previous session.
Gold traded above $4,150 an ounce, while silver and other precious metals also advanced.
The metal has fallen by more than a fifth since the US-Iran war began in late February, as energy disruption fueled inflation and tighter monetary policy.
Higher interest rates could weigh on gold because it does not pay interest, and recent US inflation data has raised expectations of a possible rate increase.
Investors are watching for Fed Chair Kevin Warsh’s comments before a media blackout ahead of the central bank’s October 27-28 meeting.
Gold held its gains on Thursday as investors sought safety after a stocks selloff.
The selloff drove demand for bonds and pushed US Treasury yields lower.
Spot gold rose as much as 1.4% to above $4,150 an ounce, while silver also gained.
The move reversed nearly all of gold’s losses from the previous session.
Higher-than-expected inflation data and the prospect of higher interest rates remained headwinds for gold.
- Who
- Investors sought safety in bonds, while gold and other precious metals gained.
- What
- Gold held gains after rallying as Treasury yields fell.
- When
- Thursday, October 15, 2026.
- Where
- Not stated.
- Why
- A stocks selloff prompted demand for bonds and other haven assets, pushing Treasury yields lower.
This story does not have two clearly opposing sides.
US Treasury yields rose after data showed consumer prices had increased the most since April.
A tech-driven stocks selloff spurred demand for bonds, pushing Treasury yields lower as gold rallied.
- Gold price
- Rose as much as 1.4% to above $4,150 an ounce
- Spot gold
- $4,156.81 an ounce, up 1.3% at 11:11 a.m. London time
- Silver
- $56.74 an ounce, up 2.1%
- Treasury yields
- Largely reversed Wednesday’s rise on Thursday
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