Gold Pulls Back: Is the Major Rally Running Out of Steam?
Spot gold fell approximately 0.8% to US$4,487.41 per troy ounce, having previously touched its highest level since early June.
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Spot gold fell approximately 0.8% to US$4,487.41 per troy ounce, having previously touched its highest level since early June.
This rally occurred after the US Treasury Department unexpectedly expanded its long-term government bond buyback program to help curb a…
The precious metal was supported by a surprise move from the US Treasury Department to expand buybacks of longer-dated government…
The Treasury unexpectedly announced an increase in buybacks of long-term government debt, signaling a desire to lower borrowing costs after…
This move is viewed as an effort to provide liquidity support while easing pressure on borrowing costs, following a recent…
This policy immediately triggered a rally in the Treasury market, with the 10-year yield falling by more than 5 basis…
This rally followed a weakening US dollar and a moderate correction in long-term Treasury yields, helping gold recover some of…
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