U.S. Treasury yields hit new highs as gold retreats, Peter Schiff notes

U.S. Treasury yields hit new highs as gold retreats, Peter Schiff notes
Treasury yields surge gold slips back

Peter Schiff, CEO and chief global strategist of Euro Pacific Capital, notes that despite a threefold increase in longer-term U.S. Treasury buybacks, yields are rising to new highs. The yield on the 10-year Treasury stands at 4.84%, while the 30-year yield has reached 5.3%.

Schiff points out that gold's $60 gain has been halved, and he argues that if traders fully understood the implications of these moves, gold prices would have continued to rise.

In a recent note, Schiff highlighted the 30-year Treasury yield climbing above 5.3 percent as the U.S. national debt surpassed $39.9 trillion, up from $8.8 trillion in 2007. He has previously responded to scrutiny surrounding Euro Pacific Bank after its forced shutdown and receivership, urging a review of related allegations. Details on Schiff's comments about Treasury yields can be found here, while further background on the Euro Pacific Bank case is available here.

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