Gold Set for Third Weekly Gain on US Treasury Buyback Plans - Bloomberg.com
Gold Set for Third Weekly Gain on US Treasury Buyback Plans - Bloomberg.com
Source: Bloomberg.com
―
DW NOTE
The Treasury is buying back its own bonds while running a $2 trillion deficit and the Fed holds rates at 3.5% with inflation above target. That's not debt management — it's monetisation with a time lag, dressed up as technical housekeeping. Gold at $4,575 isn't pricing a recovery; it's pricing the mathematics of what happens when the issuer becomes the buyer of last resort.