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Gold falls as US Treasury yields hit highs not seen since 2007, boosting rate hike odds to 77.5%.

Market News
24 Sep 2026, 15:15 WIB
FXEmpire
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Bearish
Gold falls as US Treasury yields hit highs not seen since 2007, boosting rate hike odds to 77.5%.

Gold prices declined as US 10-year Treasury yields rose to 5.139%, the highest since 2007, driven by strong PMI data signaling a likely Federal Reserve rate hike in October with odds rising to 77.5%. Despite rising crude oil prices, which usually support gold as an inflation hedge, the appeal of higher yields in government bonds is pressuring gold lower. Fed officials reinforced expectations for further rate hikes to control inflation. Upcoming US jobless claims and new home sales data could influence market direction, but for now, gold remains under pressure amid a stronger rate trade environment.

Gold price movements provide context for Pluang's market snapshot as of Sep 24, 2026 18:12 WIB: among 150 priced US stocks tradable on Pluang, 47 rose and 98 fell. Notable movers include INTC at USD 118.96 with a 1-day change of -2.97% and a typical hold time of 116 days, UMC at USD 24.00 down 2.76% with an 81% sell order activity, and SHOP at USD 138.50 down 2.70% with 78% sell order activity.

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