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Update: Gold Trading Higher as Yields and the Dollar Decline

BY MT Newswires | TREASURY | 02:00 PM EDT

02:00 PM EDT, 05/20/2026 (MT Newswires) -- (Updates prices.)

Gold traded higher midafternoon Wednesday as treasury yields and the dollar fell.

Gold for June delivery was last seen up US$25.90 to US$4,537.10 per ounce.

The price of the precious metal has been challenged by a higher dollar and rising bond yields as investors fret the high oil prices that have followed the war on Iran will force central banks to hike interest rates to stave off rising inflation.

"Gold trades lower on Fed hike anxiety as the dollar, and not least bond yields, continue to rise amid inflation concerns driven by the Middle East conflict and prolonged disruption to the supply of key commodities moving from the Persian Gulf through the almost closed Strait of Hormuz," Saxo Bank noted.

The dollar weakened, with the ICE dollar index last seen down 0.19 points to 99.13. Treasury yields eased off 15-month highs, with the U.S. two-year note last seen down 7.0 basis points to 4.057% after rising to the highest since February 2025 a day earlier, while the 10-year note was paying 4.586%, down 8.5 points.

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

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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