Gold rises 1.2% to $4,152 as dollar and Treasury yields retreat

Gold prices recovered on October 15 as the US dollar weakened and Treasury yields fell, according to Yahoo Finance. Spot gold rose 1.2% to $4,152.51 an ounce as of 04:41 ET, while US gold futures gained 1.6% to $4,173.75 an ounce.

The gain followed a drop on October 14, after consumer price data showed inflation running hotter than economists had forecast, driven in part by higher energy costs tied to the conflict involving Iran. Yields and the dollar initially climbed on the report but later reversed as investors moved into Treasury bonds amid a sell-off in artificial intelligence-related stocks. The US Dollar Index fell 0.5% to 102.01.

The inflation figures raised expectations that the Federal Reserve could lift rates at its meeting on October 27-28. Analysts at Vital Knowledge said markets were pricing roughly 30 basis points of additional increases over the remainder of 2026, up from about 25 basis points.

Austan Goolsbee, president of the Chicago Federal Reserve, called the inflation data discouraging and said spending on AI infrastructure could be contributing to an overheating economy. He said it was too early to judge whether rates were high enough to return inflation to the central bank's 2% target.

This story was first reported by Yahoo Finance.