Gold was on track for a third weekly gain as the US Treasury’s unexpected increase in buybacks of long-dated government debt highlighted concerns about the financing burden. The development supported gold’s upside by reinforcing demand for hedges amid uncertainty around government debt management.
Gold was on track for a third weekly gain as the US Treasury’s unexpected increase in buybacks of long-dated government debt highlighted concerns about the financing burden. The development supported gold’s upside by reinforcing demand for hedges amid uncertainty around government debt management.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.25
Ticker Sentiment
