From Startup Fortune · · 1m 30s
Gold and silver whiplash as Treasury yields smash 2007 highs
Treasury yields hit 2007 highs while gold and silver plummet amid Gulf war tensions.
In brief
Treasury yields hit 2007 highs while gold and silver plummet amid Gulf war tensions. Gold fell 22% from January peak as Treasury yields spiked to 2007 levels, with Gulf war threats keeping safe-haven demand from collapsing. Originally reported by Startup Fortune.
Gold and silver plummet
Gold fell 22% from January peak to $4,160 an ounce by October 5, silver dropped to $61 after touching $121 in late January.
Treasury yields spike
10-year treasury yield reached 5.34% in late September, the highest since 2007, a level not seen since May 2002.
Energy war fuels inflation
Brent crude hit $97 a barrel, its six-week high, as oil prices tied to middle east war push inflation expectations.
Fed rate hike odds surge
Traders priced a 77% chance of fed rate hike at october meeting but odds rose to mid-teens by october 11.
Hormuz tanker attacks
Iranian and saudi tankers under attack near strait of hormuz, with u.s. and iranian forces exchanging strikes this fall.
Central banks caught between
World gold council expects 850 tonnes of gold purchases in 2026, but turkey and russia show sizeable year-to-date selling.
Silver's industrial demand
Jpmorgan forecasts $70 silver price for 2026 with $63 in fourth quarter, above current $60 levels.
What happens next
October 27-28 fed meeting could trigger rate hike, with oil prices and gulf war tensions determining gold's path.
The one thing
Gold fell 22% from January peak as Treasury yields spiked to 2007 levels, with Gulf war threats keeping safe-haven demand from collapsing.
