📉 Gold and silver slide as Treasury yields jump and Fed hike bets build 💵
🥇 Spot gold (XAU): $3,876.40 (−2.77%)
🥈 Spot silver (XAG): $49.95 (−3.10%)
Treasury yields pushed higher, with the 10-year near 5.10% and the 2-year around 4.86%. A firm dollar and growing expectations of a December Fed hike added to the pressure on precious metals.
Initial jobless claims rose to 200K, while housing data remained weak. Oil’s rebound and uncertainty around Iran and the Strait of Hormuz offered only limited support.
👉TRADE $XAU , $XAG HERE👇
🥇 Spot gold (XAU): $3,876.40 (−2.77%)
🥈 Spot silver (XAG): $49.95 (−3.10%)
Treasury yields pushed higher, with the 10-year near 5.10% and the 2-year around 4.86%. A firm dollar and growing expectations of a December Fed hike added to the pressure on precious metals.
Initial jobless claims rose to 200K, while housing data remained weak. Oil’s rebound and uncertainty around Iran and the Strait of Hormuz offered only limited support.
👉TRADE $XAU , $XAG HERE👇
