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 Gold Shines Amid Tough Year for Commodity Returns in 2023 READ MORE Proposed Ban on Open-Pit Mining Could Crush Mexico's Economy READ MORE U.S. Economic Growth Hits 3.2% in Q4, Marking Six Quarters of Sustained Expansion READ MORE U.S. Credit Card Debt Hits Unprecedented $1.13 Trillion, Fed Report Reveals READ MORE Trump Warns Fed Against Pre-Election Rate Cuts, Hints at Conditional Support for Powell READ MORE Add a Comment Cancel replyYour email address will not be published.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