🥇 Gold climbed to its highest level in three months on 25…
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🥇 Gold climbed to its highest level in three months on 25 August, with spot prices nearing $4,700 an ounce before trading around $4,649, according to The Guardian.
The move came as investors focused on US inflation and strains in long-dated government-bond markets. The US Treasury had said it would double purchases of longer-dated bonds after a sharp rise in yields. 📈
Gold is often sought during periods of financial uncertainty, although it pays no interest or dividend. Its price can still rise alongside high bond yields when investors place greater weight on inflation, fiscal or market-liquidity risks.
Bitcoin also moved higher, passing $80,000, but remained below its reported $126,000 record. The day’s trading highlighted demand for alternatives to long-duration government debt, while gold continues to have separate jewellery, industrial and central-bank markets. 🪙
https://nutanica.com/Gold
The move came as investors focused on US inflation and strains in long-dated government-bond markets. The US Treasury had said it would double purchases of longer-dated bonds after a sharp rise in yields. 📈
Gold is often sought during periods of financial uncertainty, although it pays no interest or dividend. Its price can still rise alongside high bond yields when investors place greater weight on inflation, fiscal or market-liquidity risks.
Bitcoin also moved higher, passing $80,000, but remained below its reported $126,000 record. The day’s trading highlighted demand for alternatives to long-duration government debt, while gold continues to have separate jewellery, industrial and central-bank markets. 🪙
https://nutanica.com/Gold
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