Macro / Interest Rates
How Gold has historically moved alongside the Federal Funds Rate, the 10-Year Treasury yield, and the 10-Year TIPS real yield — three U.S. interest-rate series published monthly by the Federal Reserve, retrieved through FRED. Historical co-movement does not establish causation and does not predict future prices.
Choose a period
Each panel below shows the widest window this period allows for that specific comparison — a range never extends further back than the two series' own real, comparable history, and no month is ever forward-filled, interpolated, or estimated.
Federal Funds Rate
Effective rate, monthly average — Board of Governors of the Federal Reserve System.
Comparable data (Gold and Federal Funds Rate both observed): Jan 1960 – Jul 2026.
Gold — USD per troy ounce
Period shown Aug 2021 – Jul 2026Observations 60 monthlyLow 1664 USDHigh 5020 USD
Federal Funds Rate — percent
Period shown Aug 2021 – Jul 2026Observations 60 monthlyLow 0.08%High 5.33%
Over this period
Calculation10-Year Treasury Yield
Constant maturity, monthly average of daily yields.
Comparable data (Gold and 10-Year Treasury Yield both observed): Jan 1960 – Jul 2026.
Gold — USD per troy ounce
Period shown Aug 2021 – Jul 2026Observations 60 monthlyLow 1664 USDHigh 5020 USD
10-Year Treasury Yield — percent
Period shown Aug 2021 – Jul 2026Observations 60 monthlyLow 1.28%High 4.8%
Over this period
Calculation10-Year TIPS Real Yield
Treasury Inflation-Protected Securities, monthly — see Methodology below.
Comparable data (Gold and 10-Year TIPS Real Yield both observed): Jan 2003 – Jul 2026.
Gold — USD per troy ounce
Period shown Aug 2021 – Jul 2026Observations 60 monthlyLow 1664 USDHigh 5020 USD
10-Year TIPS Real Yield — percent
Period shown Aug 2021 – Jul 2026Observations 60 monthlyLow -1.07%High 2.41%
Over this period
CalculationMethodology & provenance
- Gold
- World Bank Commodity Price Data ("Pink Sheet"), Monthly Prices (opens in a new tab), monthly averages, USD per troy ounce. Licence: CC-BY-4.0. Observations shown: 799 · Jan 1960 – Jul 2026.
- Federal Funds Effective Rate
- Board of Governors of the Federal Reserve System (US), H.15 Selected Interest Rates, retrieved through FRED (Federal Reserve Economic Data, Federal Reserve Bank of St. Louis). Licence: Public Domain: Citation Requested. Published monthly by the Federal Reserve as an average of daily figures. Observations shown: 866 · Jul 1954 – Aug 2026.
- Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis
- Board of Governors of the Federal Reserve System (US), H.15 Selected Interest Rates, retrieved through FRED (Federal Reserve Economic Data, Federal Reserve Bank of St. Louis). Licence: Public Domain: Citation Requested. FRED's own series page states this monthly figure is an average of business days. Observations shown: 881 · Apr 1953 – Aug 2026.
- Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis, Inflation-Indexed
- Board of Governors of the Federal Reserve System (US), H.15 Selected Interest Rates, retrieved through FRED (Federal Reserve Economic Data, Federal Reserve Bank of St. Louis). Licence: Public Domain: Citation Requested. FRED's own series page for this series defers to the shared H.15 Statistical Release and Treasury Yield Curve Methodology, rather than restating that exact phrase — both are nonetheless monthly, institution-published figures, computed by the Board rather than by this platform. Observations shown: 284 · Jan 2003 – Aug 2026.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
Every figure on this page compares monthly period averages against a monthly published rate or yield level. Nothing here is a live, current, or spot value. A month with no verified observation on either side is counted and left out — never forward-filled from a neighbouring month, never interpolated, never recorded as zero. Each chart breaks its line across a gap rather than drawing through it. A change in a rate or yield is always reported in PERCENTAGE POINTS (e.g. "4.25% → 5.25%, change: +1.00 percentage point"), never as a relative percent — the two are not the same figure. These series are shown together for historical context only; historical co-movement does not establish causation and does not predict future prices.