Gold Rises Amid Treasury Yield Surge and Equity Weakness
Gold extended its rally, climbing toward $3,336 an ounce as haven demand resurged. The metal has gained nearly 4% this week, erasing last week’s sharpest five-day drop since November. Investors pivoted from equities to traditional SAFE havens—gold, the Japanese yen, and the Swiss franc—amid growing structural concerns about the US economy.
Treasury yields touched 18-month highs, pressuring risk assets. The Bloomberg Dollar Spot Index dipped 0.1%, while silver and palladium edged higher. Market sentiment reflects a shift from tariff headlines to deeper fiscal anxieties, with Asian benchmarks in Tokyo and Seoul retreating.