Gold Shines as Treasury Yields Spike & Stocks Stumble—Wall Street’s Fiscal Hangover Kicks In

Gold’s rally defies traditional logic as investors flee to safety—proving once again that when the US government plays fiscal Jenga, shiny rocks win.

Treasury yields surge while equities bleed: the market’s voting ’no confidence’ in DC’s ability to adult. Meanwhile, gold bugs smirk—because nothing says ’stable store of value’ like a metal we dig out of the ground and bury again in vaults.

Bonus jab: If this is the ’soft landing,’ someone forgot to tell the parachute packers.

Treasury yields rise, while stocks decline

Longer-dated Treasury yields later touched an 18-month peak as signs of a worsening fiscal outlook gripped markets. Asian equity gauges and the greenback both traded lower, reflecting caution as Congress prepares to vote on the bill this week.

“Uncertainty about growth and the government’s ability to borrow more weighs on sentiment,” said Vis Nayar, chief investment officer at Eastspring Investments in Singapore. He added that parts of recent data still look firm despite trade friction stoked by WHITE House tariffs.

MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.5% while Japan’s Nikkei slipped by 0.96%. Hong Kong’s Hang Seng index stands 0.27% lower today.

Earlier today, the Dow Jones Industrial Average fell by 816 points while the S&P 500 lost 1.61% (or 95.85 points). At the same time, the Nasdaq Composite lost 1,41%.

Away from bonds and bullion, bitcoin climbed for a fifth session, touching a record $111,691 before easing to stand 1.73 percent higher. The cryptocurrency has now erased losses from last month’s tariff-driven sell-off.

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