Gold Pushes Back Above US$4,000 as the Dollar and Yields Weaken

09:06 AM EDT, 10/10/2025 (MT Newswires) -- Gold pushed back above the US$4,000 mark early Friday, pushing higher again on a weaker dollar and lower treasury yields following a day-prior drop as traders took profits from Wednesday's record close.

Gold for December delivery was last seen up $36.30 to $4,008.90 per ounce, pushing higher after posting the first drop in five sessions on Thursday, retreating from the Oct. 8 record high of $4,070.50.

The price of the precious metal has climbed steadily since Aug. 18 when it began to rise as U.S. President Donald Trump threatened the independence of the Federal Reserve, while the central bank signaled it was ready to begin lowering interest rates as the U.S. labor market weakened. Strong demand from international central banks and exchange-traded funds have also offered support.

The dollar weakened early, bullish for commodities priced in the currency. The ICE dollar index was last seen down 0.22 points to 99.32, dropping off the highest in more than two months.

Treasury yields also fell, with the yield on the U.S. two-year note last seen down 2.9 basis points to 3.576%, while the 10-year note was paying 4.096%, down 4.8 points.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.