US Treasury's expanded long-term bond buyback expectations boost gold; gold may continue to strengthen

English summary

Spot gold rebounded to around $4,530 in early Asian trade on Friday, as the US Treasury signaled it may increase long-term bond buybacks to over $4 billion, interpreted as stabilizing long-term yields and supporting gold. However, inflation risks from higher energy prices may keep the Fed tight, capping gold's upside. Technically, $4,500 is key support and $4,585 is resistance.