Gold Set for Third Weekly Gain on US Treasury Buyback Plans

Gold was on track for a third weekly gain after the US Treasury’s unexpected ramp-up in buybacks of long-dated government debt underscored concerns about its burden.

By Yihui Xie · Bloomberg Markets

Gold was on track for a third weekly gain after the US Treasury’s unexpected ramp-up in buybacks of long-dated government debt underscored concerns about its burden.