Gold Hits $4,620 as Treasury Buybacks Reignite the Dollar Debasement Trade

Gold surged to its highest price in three months this week, climbing past $4,600 an ounce and brushing $4,650 in futures trading, as the U.S. Treasury’s expanded bond buybacks revived fears of a weakening dollar. Gold’s Breakout Above $4,600 Bloomberg analysts noted that gold climbed to a three-month high above $4,620 an ounce as Treasury […]

via Shiraz Jagati