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US Treasury announces $6bn debt buyback as 30-year yield hits 5.2%
Guardian WorldLO·US · IR·1 day ago
Gold futures closed higher despite rising Treasury yields, following the U.S. Treasury's announcement of a $6 billion long-term debt repurchase operation. The move signals continued official demand for duration, which may support bond prices and weigh on yields, indirectly aiding gold. Market focus shifts to upcoming PPI and CPI data for inflation direction.
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