Gold jumps 3% as US Treasury expands bond buybacks - Anadolu Ajansı
Gold jumps 3% as US Treasury expands bond buybacks - Anadolu Ajansı
Source: Anadolu Ajansı
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DW NOTE
The Treasury is expanding bond buybacks while the deficit runs at 6% of GDP and the debt ceiling just rose $5 trillion. That's not liquidity management — that's the government buying its own debt because private demand at these yields is insufficient. Gold read it correctly.