Gold Price Surges 1.23% as Dollar Debasement Concerns Grow

The price of gold (XAU) has surged 1.23% in a day to trade at $4,574, with its short- and medium-term strength in the market structure remaining intact.

This comes as the US Treasury doubled its long-dated buyback operations to $4 billion, injecting additional market liquidity and raising concerns about dollar debasement.

Gold's safe-haven demand is increasing as investors seek a strategic hedge in response to large-scale fiscal interventions and rising gold demand.

The technical indicators favor ongoing upside, with an expected range of $4,477 to $4,672 for the next 2-3 days.