Gold crashes below $4,600 as US yields spike, Fed cut bets delayed until 2027

Gold (XAU/USD) retreats more than 4.5% on Thursday as US Treasury yields rise amid investor concerns about high energy prices, while a solid US jobs report prompted traders to price out a rate cut in 2026, with expectations of the first move in 2027. Gold (XAU/USD) retreats more than 4.5% on Thursday as US Treasury yields rise amid… Gold (XAU/USD) retreats more than 4.5% on Thursday as US Treasury yields rise amid investor concerns about high energy prices, while a solid US jobs report prompted traders to price out a rate cut in 2026, with expectations of the first move in 2027. XAU/USD sinks to $4,588 as US 10-year yields jump near 4.29%.Strong jobless claims data and a hawkish Fed outlook erase 2026 cut expectations.The Middle East conflict fuels an energy shock, with LNG disruptions raising inflation risks.Gold (XAU/USD) retreats more than 4.5% on Thursday as US Treasury yields rise amid investor concerns about high energy prices, while a solid US jobs report prompted traders to price out a rate cut in… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.