Gold Slides 1.4% as 10-Year Yield Holds Near Highs
Gold futures slipped about 1.4% to $4,476 an ounce as the 10-year Treasury yield held near its 52-week high, pressuring non-yielding assets and equities.
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Gold futures slipped about 1.4% to $4,476 an ounce as the 10-year Treasury yield held near its 52-week high, pressuring non-yielding assets and equities.
All three major indexes closed lower Friday as the 10-year Treasury yield climbed toward 4.82% and gold tumbled more than 1%.
All three major U.S. indexes closed lower Friday as climbing Treasury yields and a pullback in gold kept buyers sidelined heading into the weekend.
Stocks surged Thursday as chips rebounded and oil slipped below $92 after Iran paused strikes on Israel. Nasdaq led the advance.
Stocks grind higher as gold surges 1.54% past $4,482 — investors hedge geopolitical risk while the 10-year yield holds near 4.8%.
Mixed market sentiment with moderate volatility as investors await key economic indicators.
Wall Street's major benchmarks held steady Thursday while Bitcoin surged toward $70,000 on fresh crypto-clarity chatter from Washington.
Nasdaq slides 1.3% while the Dow holds firm; gold retreats from records and oil stays above 5.
Stocks drifted lower from record highs on Monday as the 10-year Treasury yield ticked up, oil topped 5, and gold cooled. Here's what moved the markets.