CommoditiesMedium•29 September 2026•
1 min read
Gold and Bitcoin Slide as US Treasury Yields Hit 2007 Highs
Key Facts
1Gold prices dropped 3.4% as 10-year Treasury yields reached their highest levels since 2007.
2Bitcoin price slipped toward $83,000 despite recording $2.39 billion in spot ETF inflows.
Gold prices dropped 3.4% as 10-year US Treasury yields reached their highest levels since 2007. Reuters reported that spot gold fell as much as 4% during the session to hit $4,110.55 per ounce on September 29, 2026, marking its lowest level in more than seven weeks.
Bitcoin price slipped toward the $83,000 level on September 29, 2026, despite spot Bitcoin ETFs recording $2.39 billion in net inflows. According to Blockonomi, the surge in Treasury yields increases the opportunity cost of holding non-yielding assets like gold and pressures risk assets such as cryptocurrencies.