Gold prices hold amid Middle East tensions and rising Treasury yields, as markets recalibrate Fed rate cut expectations ahead of key inflation data.
The Dow Jones dropped 0.4% as the 30-year Treasury yield hit 5.023% after April CPI rose 3.8% annually, exceeding expectations and pressuring equities.
Stablecoins gain traction for low-cost cross-border payments, while easing Treasury yields and falling oil prices reshape gold's opportunity cost.
The Federal Reserve keeps policy on hold as the economy remains resilient, with Treasury yields rising and precious metals mixed.
Treasury yields climbed on May 7, 2026, as an Iran peace plan spurred risk-on sentiment, pushing the 10-year yield to 4.386% and the 2-year yield to 3.909%.
Ahead of April's nonfarm payrolls, markets weigh jobless claims and Iran conflict risks.
Rising oil prices threaten gold as Treasury yields climb, turning sentiment bearish on GLD with surging put activity.
US 10-year Treasury yield edges lower amid geopolitical strife; 2-year and 30-year yields also fall.