Gold faces headwinds as hawkish Fed, rising Yields Pale Optimism https://ift.tt/ERN9zZY FOMC meeting's tone was more hawkish than anticipated, resulting in the strengthening of the US dollar to a six-month high and a rise in US 10-year treasury yields to 4.5%, the highest level since 2007. These factors weighed down on gold, which is a non-yielding asset.