Gold, silver ETFs slide as bond yields jump and Fed hike odds rise to 68.1%
AI Market Summary
A sharp rise in US Treasury yields (10Y ~5.13%, 30Y ~5.44%) and higher odds of a near-term Fed hike are pressuring non-yielding precious metals, driving notable drawdowns in gold and silver ETFs. Elevated crude-linked inflation concerns appear to be reinforcing tighter policy expectations, supporting the USD and steepening the yield curve—both adverse for bullion in the short term.
Impact level
● High
Affected assets
NCCOGOLD2USD/USDT+0.04%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▼ Bearish
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Gold and silver prices came under pressure as U.S. Treasury yields surged, dragging down precious-metals-linked ETFs, with several India-listed silver ETFs falling around 4%. The U.S. 10-year yield climbed to 5.13%, its highest since 2007, while the 30-year yield touched 5.44%, the highest since 2004. Markets priced a 68.1% chance of a Federal Reserve rate hike at the October 28 meeting, driven by strong economic data and energy-led inflation concerns.
