Gold price falls 2.88% in a single day… US 10-year yield at 5.125%, dollar index at 19-month high
Original headline금값 하루 새 2.88% 하락…미 10년물 5.125%·달러지수 19개월 최고
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Spot gold fell 2.88% to $3,873.03 an ounce in New York trading on the 12th as U.S. 10-year Treasury yields climbed 0.125 percentage points to 5.125% on TradingView quotes (the Treasury's official daily yield was 5.10%) and the dollar index hit a 19-month high. The moves reflect expectations for further rate hikes tied to inflation and energy prices, with the article citing U.S. Bureau of Labor Statistics October data. Higher yields and a stronger dollar raise the opportunity cost of holding non-yielding bullion, pressuring gold. The divergence between TradingView and Treasury yield figures means the two should not be treated as the same closing snapshot. Watch upcoming U.S. inflation and labor data for signals on the rate path, and whether the dollar index and 10-year yield sustain their highs.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
gold (XAU), US 10-year Treasury, US Dollar Index (DXY), TradingView, US Bureau of Labor Statistics
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