Gold falls more than 1% as Treasury yields rise
Spot gold fell 1.2% to $4,393.89 per ounce by 0823 GMT, reaching its lowest level since… Treasury yields stayed elevated as markets awaited key U.S. labour market data for Fed policy signals.
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Spot gold fell 1.2% to $4,393.89 per ounce by 0823 GMT, reaching its lowest level since… Treasury yields stayed elevated as markets awaited key U.S. labour market data for Fed policy signals.
Strategy Inc. shares rose to $120 as Bitcoin approached $77,000, leaving the company’s 840,447 Bitcoin stack with an estimated $1.4 billion unrealized gain.
Bloom Energy Corp (NYSE: BE) shares are down 10.06% at $208.81 Tuesday as higher Treasury yields and firmer oil prices pressure AI infrastructure stocks.
**Notes/Observations** - Month-end data flow was broadly constructive for the eurozone but added to the ECB's policy dilemma. French preliminary June CPI surprised to the downside at 1.8% y/y (vs 2.0%e), bringing headline inflation back to target for the first time in three months, while French consumer spending (+0.5%
Gold's price is being challenged by a renewed appetite for bonds and a potential shift in central-bank demand and geopolitical hedging