New York Gold, Bonds, Dollar: Fed's First Rate Hike in Three Years Boosts Dollar and Bond Yields…Gold Prices Drop 0.7%

With the Federal Reserve raising interest rates for the first time in nearly three years, New York financial markets saw rapid shifts in pricing. The U.S. dollar strengthened against major currencies, and U.S. 10-year Treasury yields rose above 5%. The dollar-to-won exchange rate surged to around 1377, intensifying the depreciation of the Korean won. Meanwhile, gold prices reversed earlier gains and declined due to pressure from rising dollar and bond yields.