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Gold
Rises as US Treasury Yields Decline
Singapore,
22 Sep 2026 (ONA) — Gold prices edged higher today as US Treasury yields
retreated, though rate hike expectations capped the gains.
Spot
gold rose 0.3 percent to $4,357.31 per ounce. US gold futures for December
delivery also climbed 0.3 percent to $4,395.
Yields
on 10-year US Treasury bonds fell for the second consecutive session. Gold
serves as a hedge against inflation and geopolitical risks, but its appeal
tends to wane when interest rates rise, as investors favour yield-bearing
assets.
The
US central bank raised its benchmark interest rate by a quarter of a percentage
point last week and signalled the possibility of further increases in the
coming months.
Among
other precious metals, spot silver rose 0.7 percent to $66.48 per ounce,
platinum climbed 0.8 percent to $1,811.28, and palladium gained 0.7 percent to
$1,309.78.
—
Ends/Khalid
