BusinessPhoto: Mint MarketsGold Rises as Treasury Yields Fall Amid AI-Driven Stock Selloff
Gold prices rose up to 1.4%, trading above $4,150 an ounce, supported by declining US Treasury yields as investors sought safety following a tech-driven stock selloff. Silver also gained. Treasury yields reversed earlier spikes caused by rising US consumer prices, which had raised concerns about further Federal Reserve rate hikes. Despite recent gains, gold faces pressure from potential interest rate increases and has fallen over 20% since the US-Iran conflict began in February.
Mint Markets·



