Gold Price Forecast: US Treasury Expands Long-Bond Buybacks, Gold Benefits via Dual-Path Logic, May Test Interim High of $4,891
TradingKey·- Spot gold prices broke through the $4,600 mark following the US Treasury's unexpected expansion of long-term bond buybacks. - The policy action triggers a dual-path benefit for gold by lowering real yields and the US dollar, or by intensifying safe-haven demand against sovereign fiscal risks. - Technical indicators suggest that if key support levels hold, gold may target its previous high of $4,891.54.Oil Is The Immediate Tax; Long Yields Are The Valuation Gate; Bitcoin And Gold Are The Tell
benzinga_article·- Hard assets like oil, Bitcoin, and gold rallied while equities fell and long-term Treasury yields remained elevated near 4.70%. - Rising oil prices from Hormuz disruptions and high borrowing costs forced consumer spending trade-offs, driving a 9.2% drop in Walmart shares despite an earnings beat. - Institutional investors are closely monitoring whether persistently high input prices and discount rates will keep broad equities under pressure while scarce assets outperform.The Week That Was, The Week Ahead: Macro and Markets, August 23
Tip Ranks·- U.S. stocks closed higher on Friday, concluding a volatile week despite rising bond yields and ongoing concerns regarding the national debt. - The Dow Jones Industrial Average rose 0.98% to 53,277.01, the S&P 500 gained 0.43% to 7,674.37, and the Nasdaq added 0.33% to 29,308.86. - The 10-year Treasury yield finished near 4.74%, while gold jumped 2.89% to $4,668.10, oil fell 1.65% to $86.77, and Bitcoin climbed 5.13% to $78,262.70.Gold Moves Higher; US Composite PMI Surges In August
benzinga_article·- U.S. stocks and European markets traded higher on Friday, while the US S&P Global composite PMI climbed to 56 in August, marking its strongest growth since April 2022. - Major stock indices posted gains, with the Dow Jones rising 0.76% to 53,162.51 and the S&P 500 gaining 0.32% to 7,665.35. - Commodity markets saw gold trade up 1.6% at $4,645.10 and oil trade down 0.4% at $86.46.