Gold Prices Drop Amid Rising Yields and Dollar Strength Despite ETF Inflows
In September, gold prices fell by 8.5% month-over-month to $4,176 per ounce due to rising U.S. Treasury yields and a stronger dollar, despite strong inflows into UK gold ETFs during the quarter. The World Gold Council noted that while fiscal concerns may be influencing demand, this trend appears more like a sustained shift rather than a short-lived surge seen in 2022. The decline was consistent across all major currencies tracked by the council. A drop in futures positions also contributed to lower prices during the month.
Topics: ETF flows gold prices investor behavior Treasury yields