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Gold Holds Near Three-Month High as Traders Weigh Treasury Moves

Bloomberg Markets Monday 24 August 2026, 23:57 UTC By Yihui Xie 1 min read
Key Points

Gold Holds Near Three-Month High as Traders Weigh Treasury Moves Gold traded near a three-month high, as traders weighed the US Treasury’s next move in the bond market after the surprise intervention that’s revived concerns around fiscal policy. Bullion edged higher, nearing $4,680 an ounce, after adding more than 7% in four sessions of gains since the Treasury ramped up buybacks of long-dated government debt. The unexpected move has revived concerns about rising borrowing costs and exerted...

Gold Holds Near Three-Month High as Traders Weigh Treasury Moves Gold traded near a three-month high, as traders weighed the US Treasury’s next move in the bond market after the surprise intervention that’s revived concerns around fiscal policy. Bullion edged higher, nearing $4,680 an ounce, after adding more than 7% in four sessions of gains since the Treasury ramped up buybacks of long-dated government debt. The unexpected move has revived concerns about rising borrowing costs and exerted downward pressure on the dollar, making gold that’s priced in the currency cheaper for many buyers.
Gold Holds Near (ORG) the US Treasury’s (ORG) Treasury (ORG)
Originally published by Bloomberg Markets Read original →

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