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Gold slips from three-month high as Treasury buybacks, Iran risk frame trade - Kitco AM Report - KITCO

Source: KITCO

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DW NOTE

Gold fell from a three-month high as the Treasury announced buyback operations — using borrowed money to buy back borrowed money, now marketed as a price stabilization tool. A closed Strait of Hormuz for 133 days and an expired Iran ceasefire apparently count as diminished geopolitical risk.

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Gold slips from three-month high as Treasury buybacks, Iran risk frame trade - Kitco AM Report - KITCO

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