Treasury Buyback Supports Gold Above $4,600 Despite Fed Tightening Risk - Crux Investor
Treasury Buyback Supports Gold Above $4,600 Despite Fed Tightening Risk - Crux Investor
Source: Crux Investor
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DW NOTE
The Treasury is running buybacks while gold holds above $4,600 in a hawkish Fed environment — that's fiscal policy doing monetary policy's job. When the government steps in as buyer of last resort for its own debt, the price of safe-haven insurance doesn't follow central bank guidance anymore.