Gold Gains on US Treasury Buyback Plans
Gold is experiencing its third consecutive weekly gain, driven by the US Treasury's increased buyback activity for long-dated government debt. This unexpected surge in buybacks has heightened concerns about the sustainability of the government's debt burden, which typically supports gold prices as investors seek safe-haven assets during periods of fiscal uncertainty.
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Gold Set for Third Weekly Gain on US Treasury Buyback Plans
Gold is experiencing its third consecutive weekly gain, driven by the US Treasury's increased buyback activity for long-dated government debt. This unexpected surge in buybacks has heightened concerns about the sustainability of the government's debt burden, which typically supports gold prices as investors seek safe-haven assets during periods of fiscal uncertainty.
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