Spot gold fell below the $4,100-an-ounce mark on Oct. 7, according to Bitget data, extending its intraday decline to 1.55% and setting its lowest level since Aug. 5. At the same time, the yield on the U.S. 10-year Treasury rose to 5.3496%, its highest reading since 2002. The move in bullion came alongside a sharp rise in benchmark Treasury yields, with both figures highlighted in the latest market update cited by BlockBeats. No additional details on trading volume or broader asset moves were provided in the source report. The update was published as a market analysis flash item.
Spot gold fell below the $4,100-per-ounce mark on Oct. 7, according to Bitget data cited by BlockBeats. The metal was down 1.55% on the day and touched its lowest level since Aug. 5.
At the same time, the yield on the U.S. 10-year Treasury climbed to 5.3496%, reaching its highest level since 2002.
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