Dollar Index Edges Higher to 99.00; 10-Year Treasury Yield at 4.890%

The pairing of a firmer dollar with a higher 10-year yield is the familiar macro backdrop that has recently weighed on non-yielding assets, and gold's modest slip fits that pattern rather than signaling any independent shift in the metal's own demand story. For crypto and RWA markets, the relevant question is whether this is a routine intraday move or the start of a more sustained rise in real rates, since that has been the key transmission channel between macro and digital-asset risk appetite. Dollar-index direction and the pace of yield moves remain the variables worth tracking.