Gold prices rose sharply on Friday and were on track for a third consecutive weekly gain, supported by a weakening dollar and expectations of controlled longer-term Treasury yields.
Spot gold jumped 1.5 percent to $4,586 an ounce, rising more than 4 percent so far this week to hit a near three-month high following the U.S. Treasury’s bond buyback move, which is seen as a temporary fix rather than a structural solution to rising yields. U.S. gold futures were up 1.5 percent at $4,639.39 an ounce.
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Gold Hits Three-month High On Softer Dollar Following Surprise Treasury Move
2026-08-21 10:08:43
