EconomyUS Treasury bond buyback strengthens gold debasement trade ahead of Jackson Hole

The US Treasury’s larger buyback programme for long-maturity bonds is bolstering bets that gold will benefit from currency debasement. With the Federal Reserve’s Jackson Hole meeting approaching, gold reached a three-month high of US$4,698 an ounce on Tuesday after gaining 5.1 per cent the previous week following Scott Bessent’s announcement of the repurchases.

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SSouth China Morning Post★★★☆☆2026-08-25 01:00Original