Iran Risk Returns as Thin Oil Buffers and 5.35% Yields Test Equity Resilience
Global risk sentiment weakened on Thursday as Brent briefly pushed above $105 on renewed reports of possible US military action against Iran, while the US 10-year Treasury yield returned to around 5.35%, close to levels last seen in 2002. US equity futures fell and Asian stocks were broadly lower. The Dollar was broadly the strongest major, with the Yen and Swiss Franc relatively resilient.
Could Gold’s Selloff Run Out of Road Below 4,000?
Gold fell to 4,066.21 before recovering toward 4,120, and while the near-term bias stays bearish below 4,227.85–4,245.68, fading downside momentum, a stalling 10-year yield near 5.3%, and a rising Gold/Silver ratio suggest a break below 4,000 may struggle to extend much past the 3,937–3,942 support cluster.
US 10-Year Yield Tests Its Ceiling as 5.3% Draws Buyers, FOMC Minutes Bring AI Debt Into the Discussion
The US 10-year Treasury yield hit a 24-year high of 5.35% before a strong $39bn auction cleared at 5.30% and pulled heavy demand—evidence that buyers exist near current levels, even as the September FOMC minutes cited AI-related borrowing as a new contributor to rising yields and the technical chart points to a 5.41–5.42% resistance zone as the next real test.
Dollar Rises as Oil and Yields Climb, France Pushes Euro to Bottom Ahead of Fed Minutes
The Dollar is leading the majors into the FOMC minutes, with DXY at 102.401, up 0.55% at the time of writing, and the Dollar stronger against all seven major peers. Oil is holding above $100, long-end bond yields are climbing across major markets, and renewed stress in French government debt has pushed the Euro to the bottom of the currency table.
