Record Gold Rally Hits Pause as U.S. Treasury Yields Climb Gold prices experienced a slight decline on Tuesday, falling 0.3% to $2,375.50 per ounce as a result of high U.S. Treasury yields and profit-taking by investors. The dip follows a significant rally that brought gold to a record high of $2,431.29 last Friday. The increase in yields, particularly the 10-year Treasury note reaching 4.63%, reflects a market reaction to stronger-than-expected U.S. retail sales in March. This economic indicator has led to a decrease in expectations for rate cuts in 2024. Despite the current pause, gold has risen 15% this year, buoyed by prolonged inflation expectations, heightened safe-haven demand due to ongoing Middle East tensions, and substantial buying by central banks. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Economists Question the Recession-Predicting Power of the Inverted Yield Curve READ MORE First Fed Rate Cut Expected by Economists in June READ MORE Republic Bank Shuts Down; FDIC Coordinates $10 Billion Asset Transfer to Fulton Bank READ MORE Dollar's Decline Fuels Gold's Advance; All Eyes on U.S. Economic Data READ MORE Fed Survey Reveals Growing Pessimism Among US Companies READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment