Thursday, August 20
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Topic: gold

Stacked 400-ounce gold bars
Markets
Wednesday, 8/19, 10:20 PM

Gold jumps to its highest since early June as the Treasury doubles bond buybacks

  • Gold leapt roughly $100 in under an hour on Wednesday, trading above $4,460 an ounce for the first time since early June, after the US Treasury said it would double the size of its long-dated bond buyback operations to at least $4 billion each.
  • The 30-year Treasury yield fell to 5.19%, a two-week low, easing the pressure that had weighed on the metal.
Stacked gold bullion bars
Markets 55 d

Gold Reclaims $4,000 as a Weaker Dollar Offsets a Cautious Fed

  • Gold climbed back above $4,000 an ounce on June 25, rebounding from a dip below that level as a softer dollar and lower bond yields offset a Federal Reserve in no rush to cut rates.
  • After a historic run, the metal is now caught between a fading war premium and steady central-bank buying.

In brief

gold — news and stories on this topic

This page collects all of Boursel's coverage of gold. Follow the topic from one place: new stories appear here automatically as more is published. That way you stay on top of how the situation develops.

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