Gold Surges Above $4,600 as Treasury Buyback Plans Fuel Bullion Demand

Gold prices have surged above $4,600 per ounce as investors anticipate that US Treasury buyback plans will boost market liquidity and support demand for bullion.

The move is driven by expectations that the Federal Reserve's monetary policy will remain dovish and that ongoing geopolitical uncertainties will persist.

By repurchasing outstanding government bonds, the US Treasury aims to improve market liquidity and manage its debt profile more efficiently.

This initiative has put downward pressure on bond yields, reducing the opportunity cost of holding non-yielding assets like gold.