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Gold Surges Past $4,700 as Treasury Buybacks and Geopolitical Risks Mount

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

News Summary

  • Gold prices surged past $4,700 per ounce, driven by safe-haven demand, persistent inflation, and geopolitical conflicts.
  • A major catalyst is the U.S.
  • Treasury doubling bond buybacks to $4 billion per session, sparking aggressive short-covering and speculative buying across precious metals.
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XAUUSD price history

4380.90 -5.10% over the displayed period

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