US Treasury Intervention Sends Gold Prices Soaring

Gold prices held near three-month highs on Monday after surging more than 5% last week, driven by U.S. Treasury efforts to contain longer-term borrowing costs.

The move pushed bond yields and the dollar lower, reviving concerns over the purchasing power of fiat currencies and fueling demand for bullion as an alternative store of value.

Investor appetite for gold has broadened alongside the Treasury-driven rally, with gold-backed ETFs recording their largest single-day inflow since September 2025.