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Why Did Gold Jump After Treasury Expanded Bond Buybacks?
Gold rose roughly 4% in a single session after the U.S. Treasury unexpectedly doubled its bond buyback program on August 19, 2026. Then yields reversed and gold kept climbing anyway. This explains the links between buybacks, yields, the dollar and gold prices, and what the surprise timing did and did not tell us about fiscal credibility.
StockCram8/28/202625 min