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Gold Hits 3-Month High After Treasury Buybacks Crush Yields and Dollar

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Gold surged to a near three-month high after the U.S.
  • Treasury announced increased debt buybacks, which lowered yields and weakened the dollar.
  • This bullish environment for precious metals is supported by persistent inflation concerns and a potential shift in real rates.
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XAUUSD price history

4341.90 -5.37% over the displayed period

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