Gold stays under pressure as US 10-year real yield nears 2.85%, silver slips past 1%
AI Market Summary
Gold and silver remain pressured after a sharp selloff, as US 10-year real yields hit an ~18-year high near 2.85% and rate markets price additional Fed hikes, raising the opportunity cost of holding non-yielding metals. A stronger dollar and technical selling add downside pressure. While gold ETF holdings are recovering, the near-term setup is dominated by tighter financial conditions and potential liquidity-driven selling.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT-0.09%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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Gold steadied after a drop of more than 3% on Monday, with COMEX gold futures flat at $4,168 per ounce. Silver extended losses, falling more than 1% to $61 per ounce. US 10-year real yields climbed to an 18-year high near 2.85%, lifting expectations for further Federal Reserve rate hikes. In India, MCX gold futures were flat while silver futures fell 0.9%.
