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Gold ticks up as U.S. Treasury yields pull back from early highs
Seeking Alpha ·
Seeking Alpha reports: Gold futures turned modestly higher Thursday after tumbling to two-month lows in the previous session, as a strong 30-year Treasury auction helped yields retreat from morning highs. The 10-year and 30-year yields fell to 5.232% and 5.606%, respectively, after trading as high as 5.353% and 5.7315% earlier Thursday. Federal Reserve Bank of St. Louis President Alberto Musalem said U.S. interest rates may need to rise for another 6-9 months to subdue inflation, while Fed…
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US Treasury yields rise as Fed’s Waller says more hikes needed, investors await 30-year auctionRead story summary
U.S. Treasury yields climbed higher on Thursday ahead of a closely watched long-dated bond auction later. The benchmark 10-year Treasury yield was 4 basis points higher at 5.322%, after reaching its highest level since 2002 on Wednesday before retreating later in the day. The 30-year Treasury bond yield rose over 4 basis points to 5.705%, after trading just ...
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