Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Gold Holds Near Three-Month High as Debasement Trade Returns
Business & Finance

Gold Holds Near Three-Month High as Debasement Trade Returns

Bloomberg Markets Sunday 23 August 2026, 23:29 UTC By Yihui Xie 1 min read
Key Points

Gold Holds Near Three-Month High as Debasement Trade Returns Gold traded near a three-month high after the US Treasury’s bold intervention in the bond market revived concerns about a weaker dollar and pushed investors toward alternatives. Bullion climbed as much as 0.5% to above $4,620 an ounce, building on a third weekly gain. The metal powered more than 5% higher last week after the Treasury announced a surprise ramp-up in buybacks of long-dated government debt, driving yields and the...

Gold Holds Near Three-Month High as Debasement Trade Returns Gold traded near a three-month high after the US Treasury’s bold intervention in the bond market revived concerns about a weaker dollar and pushed investors toward alternatives. Bullion climbed as much as 0.5% to above $4,620 an ounce, building on a third weekly gain. The metal powered more than 5% higher last week after the Treasury announced a surprise ramp-up in buybacks of long-dated government debt, driving yields and the dollar lower.
Gold Holds Near (ORG) the US Treasury (ORG) Treasury (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

Treasury Market Still Functioning, Fed's Kashkari Says

Aug 24th, 2026 Treasury Market Still Functioning, Fed's Kashkari Says Federal Reserve Bank of Minneapolis President Neel Kashkari has played down concerns over rising US Treasury yields, saying markets are functioning well. His most recent statements come after Treasury Secretary Scott Bessent announced a plan to buy back long-term US debt. Bloomberg Mark Cranfield has the context.

Bloomberg Markets 23m ago

Samsung Electronics shares fall after shareholder return announcement

Samsung Electronics shares fall after shareholder return announcement SEOUL, Aug 24 : Shares of Samsung Electronics fell more than 5 per cent in early trade on Monday, after the South Korean chipmaker said last week its shareholder returns this year could reach up to 110 trillion won ($79.38 billion). The shares were down 5.2 per cent by 0013 GMT, while peer chipmaker SK Hynix was up 2.4 per cent. The benchmark KOSPI index fell 0.7 per cent.

Channel News Asia 35m ago

Indonesia takes on Malaysia in battle over palm oil pricing

Indonesia takes on Malaysia in battle over palm oil pricing Palm oil is just the start. Indonesia’s new trade exchange also aims to oversee nickel and coal export volumes, prices and taxes But analysts say dominance in physical supply does not automatically translate into pricing power. Jakarta’s move to set new benchmarks may not be enough to persuade international traders to ditch Bursa Malaysia’s crude palm oil futures contract (FCPO), the industry’s principal reference for pricing and...

South China Morning Post 54m ago

Australian Firms in Reset Mode Emerge as Earnings-Season Winners

Australian Firms in Reset Mode Emerge as Earnings-Season Winners Investors who kept faith with Australian companies pursuing restructuring and leadership changes are reaping the rewards, as signs of progress unveiled during the August earnings season sent their stocks soaring. CSL Ltd., ASX Ltd., Treasury Wine Estates Ltd. and ANZ Group Holdings Ltd. are among companies that hit the reset button during the 2026 financial year and now appear on track to deliver on their goals. Their shares...

Bloomberg Markets 55m ago