Gold Research
Gold Price Factors
Analyze key factors behind gold futures prices, including real yields, U.S. rates, the dollar, inflation, risk, liquidity, and employment data. Compare the…
The factors page tracks macro indicators that often explain gold futures moves, with a focus on real yields, U.S. rates, the dollar, inflation expectations, risk, liquidity, and employment.
Core Drivers
Gold is compared against opportunity cost, currency strength, inflation pressure, risk appetite, liquidity conditions, and growth data so the same price move can be read through several macro lenses.
- real yields and Treasury rates
- U.S. dollar index and currency pressure
- inflation, risk, liquidity, and employment signals
How to Use the Readings
Compare daily and weekly readings with the gold chart to see which macro conditions are reinforcing the current move and which ones may challenge it.
Latest gold price factor readings
Current public macro readings and their directional relationship with gold prices.
- U.S. 10Y Real Yield - 2.62% - +0.02% - Pressure
- Broad Dollar Index - 118.21 - +0.11% - Pressure
- U.S. 10Y Nominal Yield - 5.00% - +0.03% - Pressure
- U.S. 10Y Breakeven Inflation - 2.33% - -0.05% - Pressure
- Effective Fed Funds Rate - 3.63% - 0.00% - Neutral
- U.S. CPI - 334.13 - +0.40% - Support
- U.S. Core CPI - 337.76 - +0.29% - Support
- Federal Reserve Balance Sheet - 6.74 - +0.05% - Support
- U.S. VIX Volatility - 17.20 - +0.58% - Support
- U.S. High Yield Spread - 2.76% - +0.05% - Support
- U.S. Nonfarm Payrolls - 159.07 - +0.10% - Pressure
- U.S. Unemployment Rate - 4.10% - 0.00% - Neutral
Topics: gold price factors, real yields and gold, dollar index gold, inflation expectations