Gold prices are set for a third weekly gain, rising over 3% as US Treasury buybacks lowered yields and dollar value, boosting bullion to $4,530 an ounce.
Bullion was trading at around $4,530 an ounce today
Aug 21, 2026
10:55 am
What's the storyGold prices are set to witness their third consecutive weekly gain after the US Treasury's unexpected increase in buybacks of long-dated government debt.
The move has raised concerns over its burden and is seen as a response to soaring government debt.
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