Gold Prices Drop to $4,447.20 as Treasury Yields Rise August 2026

On Tuesday, August 18, 2026, gold December futures opened at $4,473.40 per troy ounce but decreased to $4,447.20 by 9:10 a.m. ET. The decline in gold prices is attributed to rising U.S. Treasury yields, with the 10-year benchmark hitting 4.72%, its highest in almost a year. Recent geopolitical tensions, including stalled peace talks with Iran and a reported attack in the Strait of Hormuz, are contributing to market pressures. This situation impacts safe-haven demand and highlights risks for gold investors given the metal's recent price movements (GC=F).