# Gold and silver whiplash as Treasury yields smash 2007 highs

> Treasury yields hit 2007 highs while gold and silver plummet amid Gulf war tensions.
- Title: Gold and silver whiplash as Treasury yields smash 2007 highs
- Summary: 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…
- Keywords: treasury yields, gold price drop, silver crash, strait of hormuz, fed rate hikes, brent crude, oil prices, central banks, inflation expectations, jpmorgan forecasts, startups, business
- Source: Startup Fortune — https://startupfortune.com/gold-and-silver-whiplash-as-treasury-yields-smash-2007-highs-and-gulf-war-simmers
- Published: 2026-10-11T21:59:58+00:00
- Read time: 1 min
- Topics: treasury yields, gold price drop, silver crash, strait of hormuz, fed rate hikes, brent crude, oil prices, central banks, inflation expectations, jpmorgan forecasts, startups, business
## 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.
## Key takeaway

Gold fell 22% from January peak as Treasury yields spiked to 2007 levels, with Gulf war threats keeping safe-haven demand from collapsing.