Gold Rises for Third Straight Week to Three-Month High, US Treasury Expands Buybacks, "Currency Devaluation" Trade Resurges
The US Treasury unexpectedly expanded long-term Treasury buybacks, sharply heightening market concerns over dollar credibility. Even as Treasury yields have risen again, gold prices continue to climb. Analysts…
The US Treasury unexpectedly expanded long-term Treasury buybacks, sharply heightening market concerns over dollar credibility. Even as Treasury yields have risen again, gold prices continue to climb. Analysts note that the core drivers of this gold rally are a weaker dollar and declining US fiscal or monetary credibility, rather than a simple low-yield logic.
Original: https://wallstreetcn.com/articles/3780026
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