Bond Yields

Bitcoin is on track to end July with a gain of about 7.5%, even after sliding below $63,000 and facing pressure from rate-hike fears, higher bond yields, an AI-linked sell-off and a Coldcard security incident. Market participants say reduced leverage helped limit forced selling, while U.S. jobs data, Federal Reserve expectations and spot bitcoin ETF flows may shape the next move.

Gold remains caught between its long term inflation hedge reputation and the short term pressure created by Federal Reserve policy expectations. With inflation indicators still above the Fed target, traders are cautious about expecting a durable rebound in XAUUSD.