Gold Near 2‑Month High as U.S. Treasury Buybacks Raise Yields
· Business · Investing.com, CNBC, Bloomberg
Gold climbed more than 3% to a near 2‑month high after the U.S. Treasury announced a large buyback program that lifted short‑term yields. The buyback pushed the dollar lower, supporting the gold price surge. Gold retreated slightly later in the day after reaching the 2‑month peak, as the dollar weakened further. The session reflected a shift in investor sentiment toward safe‑haven assets driven by the Treasury move.
Why it matters
Higher gold prices benefit Indian jewelry makers and retail investors who hold physical bullion.
Read the original report — Investing.com
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