Gold macro brief, Oct 9, 2026 – 10-year real yield (TIPS) at 2.91% – well above where it started the year
10-year real yield (TIPS) at 2.91% – well above where it started the year
The 10-year TIPS real yield closed at 2.91% on Oct 9, 2026 (1.94% in early April; up nearly 0.5 pt in September). The 10-year breakeven inflation rate is about 2.33%.
Gold impact: High real yields raise the opportunity cost of holding gold – in theory gold's main headwind; central-bank buying has weakened that relationship since 2022.
🔗 Source: TIPSYield.com (US Treasury / FRED data)
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