Geopolitics

Gold price at highest level in over three months due to intervention in US sovereign debt - Belga Share

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DW NOTE

Gold is back above $4,600 because someone large is buying Treasuries the Fed won't. The headline calls it "intervention in US sovereign debt" — when a central bank or sovereign fund steps in to stop yields rising, it flows straight into gold. The 10-year is at 4.69% despite $1.9 trillion deficits because someone is absorbing supply. Gold knows what that means: the dollar's bid is no longer market-determined.

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Gold price at highest level in over three months due to intervention in US sovereign debt - Belga Share

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