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Treasury Bond Buybacks Spark Massive Rally in Silver and Gold

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • The US Treasury doubled long-bond buybacks to $4 billion per operation, lowering 30-year yields and weakening the dollar.
  • This sparked a sharp rally in precious metals, with silver surging over 6% and gold gaining 4% as lower yields reduced holding costs.
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XAUUSD price history

4408.90 -4.49% over the displayed period

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