Gold falls 4% as Treasury yields hit multi-decade highs
Spot gold slid as much as 4% to $4,111 an ounce, its lowest since Aug. 5, as US Treasury yields surged and markets priced in a roughly 70% chance of another Fed rate hike in October.
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Bitcoin, XRP Falls as Bond Yields Spike—So Why Are Whales Still Buying
Bitcoin (CRYPTO: BTC) falls as bond yields hit multi-decade highs on Thursday, even as whale wallets continue accumulating during the pullback. What’s Driving the Selloff CoinDesk reported Thursday that the MOVE index, which tracks expected volatility in the Treasury market, jumped 21% to above 95, its highest level si
Gold Faces Challenge
Gold's price is being challenged by a renewed appetite for bonds and a potential shift in central-bank demand and geopolitical hedging