First published by Money Metals Exchange here: https://www.moneymetals.com/podcasts/2022/10/21/bullion-markets-strained-as-investors-eye-election-fed-actions-002615

Precious metals markets are giving mixed signals this week as interest rates continue to spike. The yield on the benchmark 10-year Treasury note now stands at 4.2%. That's a 14-year high. And since mortgages and many other types of loans are keyed to the Treasury market, borrowers are facing major financing pains. Many prospective home buyers have now given up trying to make a purchase.