Prop firm news

30-year US bonds: yield 5.70%, highest since 2002

The yield on 30-year US Treasury bonds has risen to 5.70%, the highest level since 2002. Rising yields increase pressure on gold, raise borrowing costs and make stocks less attractive relative to government debt.

Gold plunged from $4,220 to $4,139 - a seven-week low

Gold first rose to $4,220 after soft US inflation data, but then completely erased its gains and fell to $4,139-4,150. Pressure was intensified by rising US Treasury yields, a strong dollar and more hawkish rate expectations