Gold at Seven-Week Lows as 5.2% Yields Beat the Haven Bid

Gold opened the week near its lowest in seven weeks, and the reason tells you more about the metal's current driver than any headline about the Middle East. Spot gold sat around $4,236 per ounce on Investing.com's benchmark, down 1.1% on the session, with ET Now quoting $4,254.14, as a firmer dollar, ten-year Treasury yields pressing toward 5.2%, and better than 65% odds of another Fed hike crowded out the safe-haven bid that carried the metal through September's escalation.

Key Takeaways Spot gold traded near $4,236, its lowest level in about seven weeks, down roughly 0.7% to 1.1% on the session. The driver is macro, not geopolitics: a dollar index near 101, a 10-year yield near 5.2%, and 65…