Weekly Gold Review: COMEX futures slide under $3900 mark to approach one-year low
Mumbai, Nov. 14 -- Precious metals tanked amid a sharp uptick in US treasury yields. COMEX Gold futures climbed around $4160 per ounce, hitting around two-week high but flipped direction amid a stronger US dollar and rising Treasury yields as markets increasingly priced in a more aggressive Federal Reserve tightening cycle. Hotter-than-expected US consumer inflation and hawkish remarks from Fed officials, including suggestions of a possible 50-basis-point rate hike. The US dollar index held above 103 after advancing for three consecutive sessions to its highest level since April 2025. The US treasury yields continued to gain, adding to upside after an elevated US inflation data. The benchmark 10-year Treasury yield broke well above 5% mark ...
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