Treasury Unleashes Own QE as Gold Price Target Soars

The US Treasury is engaging in an unconventional monetary policy move by using proceeds from short-term Treasury sales to purchase long-term bonds. This effectively allows it to implement its own form of quantitative easing (QE) to lower long-term yields.

The Federal Reserve is indirectly supporting this effort by buying $40 billion/month of short-term Treasuries, which boosts liquidity without labeling it official QE. Central banks are also diversifying their portfolios and increasing demand for gold, which could support a bullish thesis for the precious metal's price.

Economist EvgeniyShkolenko predicts that gold prices will reach $5,500-$6,000 by early next year and potentially surpass $10,000 in 3-5 years. This would make it a top asset to own according to their analysis.