Gold futures fall below $4,500 as Treasury yields rise. - CME Group

Gold futures fall below $4,500 as Treasury yields rise. - CME Group

Source: CME Group

DW NOTE

Gold down 15.6% from its January peak while the Strait of Hormuz sits closed and the Fed holds rates at 3.65%. Either the metal is pricing in a ceasefire that hasn't happened, or bond markets are pricing in a recession that gold traders believe.

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