U.S. Treasury Expanding Long-Term Buyback Expectations Boosts Gold, Gold Expected to Continue Strengthening

English summary

The U.S. Treasury signaled expanding long-term Treasury buybacks, prompting the market to reassess long-term yield trends, and spot gold recovered to around $4,530 in early Asian trade on Friday. Inflation pressure from energy prices may still limit Fed rate cut space, with $4,585 as key short-term resistance.