Gold futures pushed to a new all time high of $4,739 per ounce, extending a brutal rally that now has the metal up 81% over the past 12 months, the strongest run gold has ever seen.
Source: TradingViewBitcoin slid to $91,525 on Coinbase, continuing a weak stretch that has traders on edge as volatility picks up across markets.
The selloff followed fresh comments from U.S. President Donald Trump, who said tariffs would be imposed on goods from eight European countries until a deal is reached for what he called the “Complete and Total purchase of Greenland.”
Source: TradingViewTrump’s renewed push around annexing the Arctic island rattled global markets and hit futures hard. Dow Jones futures pointed to a 378-point drop at the open, while S&P 500 futures fell 0.9% and Nasdaq 100 futures were down about 1.1%, signaling a rough start to the session.
Bond markets were hit at the same time. Japan’s 40-year government bond yield jumped to a record high, as investors sold off long-dated debt over concerns that proposed food sales tax cuts could further strain the country’s finances.
The 40-year yield rose more than 5 basis points to 4%, the highest level since the maturity was introduced. Shorter maturities sold off even harder.
The 10-year Japan government bond yield climbed over 6 basis points to 2.3%, the highest since 1999, while the 20-year yield surged roughly 9 basis points to 3.35%.
Source: https://www.cryptopolitan.com/gold-hits-new-all-time-high-of-4739/
