Commodities
Gold Prices Plunge Amid Fed Hike and Rising Treasury Yields
On August 18, 2026, gold prices in the US hit $4,364.90 per ounce as Treasury yields surged to 5.33% amid a Federal Reserve hike and ongoing Trump-Iran talks.
The precious metal started trading under selling pressure due to higher bond yields and energy prices, which increased the opportunity cost of holding non-yielding gold.
According to Reuters, spot gold fell 1.1% to $4,364.90 while US futures fell 1.2% to $4,420.60.
The current setup is not a straightforward bullish or bearish call, with some analysts pointing out that higher yields were reducing gold's appeal, while geopolitical risks continued to support safe-haven demand.