Gold caps weekly loss as Fed bets, 5.2% yields limit rebound - Kitco PM Report - Kitco
Gold caps weekly loss as Fed bets, 5.2% yields limit rebound - Kitco PM Report - Kitco
Source: Kitco
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DW NOTE
The Fed hiked in September for the first time since 2023 while the 10-year yield climbed to 5.11%—up 24% year-over-year. Gold at $4,319 is holding 90% of its gains since the Hormuz closure began in late February, even as real yields turn decisively positive. That's not a failed hedge, that's a repricing of sovereign risk that rate policy can't reverse.