Strong Economic Growth Pushes Back Rate-Cut Expectations, Weighs on Bonds
Treasury yields climbed again as investors reassess the strength of the U.S. economy and the Federal Reserve’s likely policy path. As prospects for near-term rate cuts fade, market uncertainty has increased. Higher yields can be a headwind for gold by raising the opportunity cost of holding non‑yielding assets. Still, ongoing inflationary pressures and periodic market … Read more