Gold prices fell on Thursday as the dollar rebounded from recent losses, and bond yields moved higher.
The dollar index rose to 103.56, gaining nearly 0.8%. The dollar surged as the Federal Reserve's preferred measure of inflation rose in line with expectations in October, supporting expectations that the central bank will leave rates unchanged for some time.
Bond yields hardened across regions and tenors, dampening the sentiment for the yellow metal. Ten-year sovereign bond yields increased more than 1% in the U.S., Germany and France while it hardened more than 3% in the U.K.
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Market Analysis
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.