Finance

The yield on the 10-year U.S. Treasury note rose to 4.46% as resilient economic data, including a two-year high in job openings, fueled expectations for a potential interest rate hike later this year. These rising yields have placed downward pressure on gold and other non-yielding assets.

Cryptocurrency markets have struggled to maintain momentum, with Bitcoin dropping toward $58,000 amid persistent ETF outflows. Financial analysts have slashed price targets for both Bitcoin and Ether, citing weakening investor demand and a lack of legislative progress in the U.S.

Brent crude oil prices fell below $73 a barrel as diplomatic discussions between the U.S. and Iran in Qatar eased fears of major supply disruptions. Markets are shifting focus from potential shortages to a looming global glut as oil flows through the Strait of Hormuz recover faster than anticipated.