Stock Market Today: 10-Year Treasury Yield Hits 24-Year High as Stocks Turn Mixed, Gold price at $4,159 - eurasiabusinessnews.com

AI desk brief

Gold was pressured by the sharp rise in U.S. yields and a stronger dollar, with spot quoted around $4,158.50/oz and a stated session range of roughly $4,146.70-$4,220.00. The move came as the U.S. 10-year Treasury yield hit 5.304%, its highest level since May 2002, while markets scaled back October Fed hike odds after softer PCE inflation data.

The article frames the near-term setup as a tug-of-war between easing inflation and still-resilient growth. If Treasury yields keep climbing above 5.3%, the opportunity cost of holding bullion should remain a headwind; if inflation keeps cooling without a sharp slowdown in activity, the downside may be tempered by reduced Fed tightening risk.