Bessent's interventions amount to QE, and 'gold is the must-have asset' - ByteTree's Morris
The U.S. government is effectively engaged in multiple major quantitative easing operations, and gold prices have moved higher as a result, with potential for plenty more gains ahead, according to Charlie Morris, CIO and founder of ByteTree.In the latest Atlas Pulse Gold Report, Morris said Treasury Secretary Scott Bessent's new gambit of doubling the department's purchases of long-dated Treasuries is an attempt to keep the government's borrowing costs down.
Gold At $4,500 And The Buyer Nobody Talks About
Gold averaged $4,506 an ounce in the second quarter, up 37% from a year earlier and down 8% from the first quarter. Both of those numbers matter.
Gold tests $4,450 as Philly Fed, jobless claims firm rate risk - Kitco AM Report
Spot gold prices are lower and spot silver prices are firmer in early U.S. trading Thursday, as stronger-than-expected U.S. labor and regional manufacturing data trimmed part of Wednesday's Treasury-led precious-metals rally.
Spot gold bounces to $4,470/oz after Philly Fed survey rises to 47.4 in August
– Gold prices are coming off their recent lows on Thursday morning after the Philadelphia Federal Reserve's manufacturing sector survey improved beyond expectations this month.The regional central bank said its manufacturing business outlook for August came in at 47.4 – a five-year high – after a reading of 41.4 in July. The data was far better than expected, as economists were looking for a reading of 25.0 this month.
Gold approaches session low $4,450/oz after U.S. weekly jobless claims fall to 206k
Gold prices are getting closer to the $4,450 per ounce session low on Thursday morning following the release of better than expected labor market data after the number of Americans filing new claims for unemployment benefits came in below economists' forecasts.
Why Bessent's Treasury operations have breathed life back into the gold trade
Gold is the reciprocal of the dollar and consensus among strategists is that Bessent's yield curve control will have a detrimental impact on the U.S. currency
Gold (XAU/USD) & Silver Price Forecast: Gold Eyes $4,595 as Bond Yields Fall
Falling Treasury yields support precious metals as gold breaks above $4,447 and silver reclaims $66.55, with Fed policy still a key risk.
Gold Drops; Focus on Fed July Minutes
Gold declined in Asian trade amid focus on the minutes of the Fed's July meeting which revealed broader support for interest rate increases.
Gold (XAU/USD) Price Forecast: Breakout Puts 200-Day Moving Average in Focus
Gold broke above key resistance and surged toward the 200-day moving average, strengthening bullish momentum while opening the door to higher technical targets.
Gold price jumps 4% past $4,500 as Treasury buys back its own long-term debt
Thirty-year yields fell, short rates rose, and the dollar hit a three-month low. The Fed's minutes, out the same afternoon, showed officials arguing to go the other way.
Gold Price Hits Two-Month High After Mostly Stagnant Summer
Gold prices are on an upswing lately after the price remained largely stagnant for most of the summer. Earlier this month, gold posted its best week in seven months, rising about 7% in price, largely thanks to a weaker dollar, declining Treasury yields and an unexpected slump in employment data.
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Soars As U.S. Bond Markets Rally
Long-dated Treasuries rallied as U.S. Treasury announced its plans to boost buyback.
