Gold Slips as Tech Stocks Rally from AI Sell-Off

AI desk brief

Gold slipped 1.0% to $4,150/oz in London as tech shares rebounded from last week’s AI-led sell-off and Treasury demand eased, with the 10-year U.S. yield reversing an earlier dip to trade back up to 5.10%. The move came after gold had snapped its longest weekly losing streak in more than 30 years on Friday; the article also notes that gold rose 0.8% over the same 8-session period in which the SOX fell 15.7%, underscoring the still-mixed relationship between AI/semiconductor stress and bullion.\n\nDollar strength also capped metals, with gold steady around €3,719/oz but down 0.3% in sterling terms to £3,127/oz. Silver eased 0.2% to $57.59/oz despite its higher industrial exposure, while Brent crude fell 2.3% after Trump waived new Russia-related sanctions and tariffs.