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Gold reclaims momentum as US Treasury move sparks bullion rush, gains 2% in a day
Gold prices surged sharply by ₹3,212 per 10 gram, or nearly 2 per cent, on Thursday, climbing to ₹1,57,080 from ₹ 1,53,868 in the previous session, buoyed by a strong rally in international markets. The yellow metal turned bullish after the US Treasury announced that it would double buyback operations for longer-dated bonds from $2 billion to $4 billion per operation from September 9.
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straitstimes.com
Gold holds near $4,500 as US Treasury buyback sends yields lower
Greater official support for the Treasury market may lower opportunity cost of holding gold. Read more at straitstimes.com. Read more at straitstimes.com.
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Gold holds near US$4,500 as US Treasury buyback sends yields lower
Greater official support for the Treasury market may lower opportunity cost of holding gold. Read more at straitstimes.com. Read more at straitstimes.com.
