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Gold slips to a one week low as dollar and yields surge on Middle East inflation fears
Economy
Published on 16 May 2026
Gold drops more than 2% as 10-year yields hit
Gold fell to a more than one-week low on Friday, pressured by rising U.S. Treasury yields and a firmer dollar, which increase the opportunity cost of non-yielding bullion. The sell-off deepened as Middle East conflict sparked inflation concerns, lifting expectations for higher interest rates. Spot gold slid 2.6% to $4,527.80 per ounce, its lowest since May 5. Other precious metals also tumbled, with silver down 8.7% and on track for its worst day since March 3.
- Spot gold dropped 2.6% to $4,527.80 an ounce
- It hit the lowest level since May 5
- U.S. 10-year Treasury yields rose to near a one-year high
- The dollar was set for its biggest weekly gain in two months
- Crude oil is up more than 40% since the U.S.-Israel war began
- Silver fell 8.7% to $76.26, with weekly losses ahead
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times