Gold steady as oil and falling yields ease rate-hike bets

What BBN said about it

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   Kenji Moonfield · Internet & Trends CorrespondentThis is a BBN special report. Bloomberg reports gold is holding steady as higher oil and falling Treasury yields ease bets on interest rate hikes.

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   Vera Bullock · Co-AnchorBloomberg's angle is that falling yields and oil strength are backing gold, which hints at a shift in rate expectations.

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   Kenji Moonfield · Internet & Trends CorrespondentThat matters for fixed income and commodity allocations. Lower yields make gold, which pays no interest, a little less painful to hold.

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   Vera Bullock · Co-AnchorStocks agree. The S and P 500 closed up zero point five eight percent at seven thousand eight hundred nineteen.

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   Vera Bullock · Co-AnchorThe Dow gained point four nine.

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   Kenji Moonfield · Internet & Trends CorrespondentFutures are slightly higher. S and P futures are up point one oh at seven thousand eight hundred eighty-two.

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   Kenji Moonfield · Internet & Trends CorrespondentThe VIX sits at fifteen point oh one.

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   Vera Bullock · Co-AnchorWatch the ten-year yield and oil next. If yields keep slipping, the rate-hike story fades. If oil surges, it could come roaring back.

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   Kenji Moonfield · Internet & Trends CorrespondentThe Russell is the odd one out, down zero point five nine percent. Small caps are not invited to this party.

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    Vera Bullock · Co-AnchorGold just sits there being steady while the rest of us panic. It's the only thing on this desk with emotional stability.

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    Kenji Moonfield · Internet & Trends CorrespondentBro, gold is a shiny rock that never texts back. Honestly, relationship goals.