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Gold Rallies Alongside Treasuries as Tech Selloff Drives Safe Haven Demand
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Moneycontrol•15-10-2026, 17:15
Gold Rallies Alongside Treasuries as Tech Selloff Drives Safe Haven Demand
- •Gold prices climbed up to 1.4 percent to trade above $4,150 an ounce, recovering nearly all losses from the previous session.
- •The rally was fueled by falling US Treasury yields as investors rushed into safe-haven bonds amid a tech-driven stock market rout.
- •Market headwinds persist as hotter-than-expected US consumer inflation data raises expectations of a potential Federal Reserve interest rate hike.
- •Federal Reserve Bank of Chicago President Austan Goolsbee described recent inflation data as discouraging and warned that artificial intelligence infrastructure growth could be overheating the economy.
- •Investors are awaiting final monetary policy cues from Fed Chairman Kevin Warsh before the central bank enters a media blackout ahead of its upcoming meeting.
Key Questions Answered
Gold rallied and traded above $4,150 an ounce as lower US Treasury yields and an equity selloff driven by artificial intelligence concerns boosted demand for safe-haven assets.
US consumer prices rose the most since April, initially spiking Treasury yields and driving trader bets that hot inflation could push the Federal Reserve to raise interest rates later in the month.
Gold has dropped by over a fifth since the US-Iran war began in late February due to roiled energy supplies, global inflation, and subsequent monetary tightening.
