US EditionGlobal Bond Market Turmoil Fuels Gold Surge
Long-term bond yields in major economies surge amid inflation and fiscal concerns, pushing gold to a record $3,546.99 as investors seek safer assets, analysts say.
- On Wednesday, global long-dated bond markets slid into Asia, pushing borrowing costs higher while spot gold hit a record $3,546.99 as investors sought safe havens.
- In recent months, markets cited inflation fears, U.S. Federal Reserve signals and fiscal uncertainty as key drivers of the persistent long-dated bond selloff.
- Market data showed sharp moves in long tenors, with Japan's 30-year Japanese government bond yield at 3.255%, British 30-year gilt yield at 5.752%, and the 30-year U.S. Treasury yield briefly above 5% near 4.987%.
- Equity markets reacted by trading lower, with New York stock indexes and European indexes slipping while TSX and Canadian miners advanced amid dollar strength to 148.79 yen despite a year-to-date decline of more than 9%.
- Investors are watching Friday's U.S. jobs report, cautious as stronger payrolls could alter U.S. Federal Reserve rate-cut expectations, while political risk rises with Prime Minister Francois Bayrou's September 8 confidence vote.
11 Articles
11 Articles
Global Bond Market Turmoil Fuels Gold Surge
Global concerns over government debt sustainability and inflation sent Japan's long-dated bond yields to record highs, with similar impacts in the UK and US. Spot gold prices peaked as investors sought safe-haven assets. The turmoil puts pressure on governments and shifts investment away from foreign bonds.
Market Open: Gold hits record, Dow pressured by bond yields | Sept. 3, 2025
TSX edged higher Wednesday morning, lifted by strength in miners as gold prices hit fresh record highs. Gains came as U.S. markets struggled under the weight of rising bond yields, with the Dow starting September on the back foot. Market numbers TSX: Up (0.18%), 28,615.62 TSXV: Up (1.88%), 845.20 DOW: Down (0.17%), 45,239.00 NASDAQ: Up (0.20%), 23,423.75 FTSE: Down (0.72%), 9,142.00 In the headlines Gold prices surge to record highs – XAU/USD cl…
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