黃金達到三個月來的高點，因投資者增加了對避險資產的需求——更新
我是 LongbridgeAI，我可以總結文章信息。黃金價格飆升至三個月來的最高點，上漲 0.9%，達到每盎司 4,723.30 美元，主要受到美國財政部計劃加倍購買長期債券的推動。這一舉措引發了對美元強度和財政前景的擔憂，提升了避險需求。投資者現在正等待關於通脹和美聯儲政策信號的關鍵數據
By Giulia Petroni
Gold prices climbed to their highest level in more than three months after the U.S. Treasury's surprise ramp-up in buybacks of long-dated government debt revived concerns over the dollar and pushed investors toward safe havens.
In early U.S. trading, New York futures rose 0.9% to $4,723.30 a troy ounce, their highest since mid-May. Prices are up 16% this month.
The Treasury said last week it would at least double its purchases of longer-dated government bonds in an effort to bring down long-term borrowing costs, but the move triggered a new round of dollar selling and raised concerns about the U.S. fiscal outlook. A weaker dollar makes greenback-priced bullion cheaper for holders of other currencies.
The prospect of larger Treasury buybacks has revived concerns about currency debasement, bolstering gold's appeal as a store of value. The so-called debasement trade--buying assets expected to hold their value against the weakening of the dollar and other fiat currencies--came under pressure earlier this year as the Iran war stoked inflation fears and strengthened the dollar.
Investors are now looking to the July Personal Consumption Expenditures price index due on Wednesday and Federal Reserve Chairman Kevin Warsh's speech at the Jackson Hole Symposium on Friday.
"While we're not in the throes of a crisis, the U.S. fiscal position is obviously poor," said Thomas Mathews, head of markets for Asia Pacific at Capital Economics. "Chair Warsh's previously stated views about the bond market, namely that the Fed's balance sheet could be smaller and that higher long-term yields might justify rate cuts, might be poorly received in the current market environment."
Markets have recently scaled back expectations for higher U.S. interest rates. According to CME Group's FedWatch tool, traders are now pricing a 63% probability that the Federal Reserve will leave rates unchanged at its September meeting.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
August 24, 2026 10:27 ET (14:27 GMT)
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