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Gold jumps toward $4,500 as yields slide on buybacks

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Gold prices surged more than 3% on Wednesday as a US Treasury announcement on longer-dated bond buybacks pushed Treasury yields and the dollar lower, boosting demand for the non-yielding metal. Spot gold rose 3.7% to $4,495.02 an ounce, aft…

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Gold jumps toward $4,500 as yields slide on buybacks
Invezz 1h ago

Gold jumps toward $4,500 as yields slide on buybacks

Gold prices surged more than 3% on Wednesday as a US Treasury announcement on longer-dated bond buybacks pushed Treasury yields and the dollar lower, boosting demand for the non-yielding metal. Spot gold rose 3.7% to $4,495.02 an ounce, aft…