Gold Tops $4,600 as Treasury Yields Stay Near 19-Year Highs
Gold has climbed above $4,600 even as long-term Treasury yields remain near levels not seen in almost two decades. The next test is Wednesday’s July PCE inflation report—and whether rates, the dollar and oil begin confirming gold’s move or pushing against it.
Market Preview: Jobs Miss, Records, Gold 7-Week High
The economy lost 23,000 jobs in July and stocks closed at record highs anyway, as September rate hike odds fell to roughly 44%. Gold ripped 2.5% to a seven-week high, Space Exploration Technologies surged 16%, and Bitcoin ETFs pulled in over $750 million for the week.
Oil Spikes on Hormuz Plan as Gold Nears Best Week Since Jan
A single Iranian document on Strait of Hormuz shipping sent Brent up 3.8%, pushed the 10-year yield above 4.67%, and ended the Dow's record streak — while gold ran to its best week since January. Today's preview covers the memory chip selloff, where capital is rotating, and what the July jobs report could change.
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