Gold, silver prices rise as yields ease but December Fed risk remains - Kitco AM Report - Kitco
Gold, silver prices rise as yields ease but December Fed risk remains - Kitco AM Report - Kitco
Source: Kitco
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DW NOTE
The 10-year Treasury yield has jumped 10.23% in one month to 5.28%, and precious metals are reacting to a marginal easing as if it signals dovish intent. It doesn't. The Fed raised rates to 3.75%–4.00% on September 23 with global oil supply down 6% and a war closing the Strait of Hormuz. Gold has fallen 21.8% from its January peak of $5,318 despite these conditions. That's not a flight to safety—it's repricing around real rates that finally exceed headline inflation.