# Gold Prices Drop 2% to 2-Month Low

> Gold prices fell 2.3% to $4,066 per ounce, a two-month low, as Treasury yields and US dollar climbed.
- Title: Gold Prices Drop 2% to 2-Month Low · mint | Shortify
- Summary: Gold prices fell 2.3% to $4,066 per ounce, a two-month low, as Treasury yields and US dollar climbed. Gold prices dropped 2.3% to a two-month low of $4,066…
- Keywords: gold prices, treasury yields, us dollar, fomc minutes, inflation concerns, fed policy, money, business, Gold, Prices, Drop, 2-Month
- Source: mint — https://livemint.com/market/stock-market-news/gold-prices-drop-over-2-slide-to-2-month-low-as-treasury-yields-us-dollar-climb-11791396712994.html
- Author: A Ksheerasagar
- Published: 2026-10-07T18:29:53+00:00
- Read time: 1 min
- Topics: gold prices, treasury yields, us dollar, fomc minutes, inflation concerns, fed policy, money, business
## Gold Prices Drop 2.3%
Gold prices fell 2.3% to $4,066 per ounce, marking a two-month low.
## Treasury Yields Rise
10-year US Treasury yields reached 5.35%, their highest level since 2002.
## US Dollar Strengthens
US dollar index climbed 0.5%, making gold more expensive for non-US currency holders.
## Fed Policy Outlook
Markets expect the Fed to keep rates on hold but price an 84% chance of a December rate hike.
## Inflation Concerns
Persistent inflation and government spending concerns drive demand for higher bond yields.
## What Happens Next
Investors await FOMC minutes for insights on Fed policy amid inflation concerns.
## Key takeaway

Gold prices dropped 2.3% to a two-month low of $4,066 per ounce due to rising Treasury yields and a stronger US dollar.