Gold is falling because the Iran war's oil shock pushed the Fed into hiking and lifted the US 10-year real yield to 2.90%, its highest level since 2008.
Gold · Real Yields · Iran War Sep 30, 2026 Why Is Gold Falling? The Iran War, the Fed Hike and the Real-Yield Math Behind Gold's 2026 Selloff Gold is falling because the Iran war's oil shock pushed the Fed into hiking and lifted the US 10-year real yield to 2.90%, its highest level since 2008. DORIAN ZTRADER.AI RESEARCH Gold prices have plummeted once more, defying escalating geopolitical tensions. The underlying reality is straightforward: the oil shock stemming from the Iran war forced the Fed back into hiking rates. As a result, nearly all of the rise in the 10-year Treasury yield has materialized through real yields, reaching about 2.9% in late September—the highest since 2008—while inflation expectations held steady near 2.3%. I. WHAT HAPPENED ON SEPTEMBER 28 Monday’s selloff in sequence Spot gold closed Monday, September 28, at $4,127 an ounce, down 3.71% on the session and at its
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