Gold rose to a three-month high, and the US Treasury's bold intervention to curb the sharp rise in borrowing costs once again raised investors' concerns about America's financial burden. The price of gold rose to its highest level since mid-May on Friday, and is expected to cumulatively rise by about 5% this week. Gold has continued to rise, while US Treasury yields and the dollar have declined since the US Treasury unexpectedly announced an expansion of long-term treasury repurchases on Wednesday. Direct intervention to lower borrowing costs has once again raised concerns among investors and analysts that US policies may weaken market confidence in the dollar and push capital to alternative assets. Similar logic was one of the key factors driving gold's 65% surge in 2025. Bhanu Baweja, chief strategist at UBS Group, said in an interview with Bloomberg TV that the US Treasury's move “is a very important sign for gold.” He said that gold will be the main beneficiary of America's efforts to reduce financing costs, and “the US dollar will pay the price.”

Gold rose to a three-month high, and the US Treasury's bold intervention to curb the sharp rise in borrowing costs once again raised investors' concerns about America's financial burden. The price of gold rose to its highest level since mid-May on Friday, and is expected to cumulatively rise by about 5% this week. Gold has continued to rise, while US Treasury yields and the dollar have declined since the US Treasury unexpectedly announced an expansion of long-term treasury repurchases on Wednesday. Direct intervention to lower borrowing costs has once again raised concerns among investors and analysts that US policies may weaken market confidence in the dollar and push capital to alternative assets. Similar logic was one of the key factors driving gold's 65% surge in 2025. Bhanu Baweja, chief strategist at UBS Group, said in an interview with Bloomberg TV that the US Treasury's move “is a very important sign for gold.” He said that gold will be the main beneficiary of America's efforts to reduce financing costs, and “the US dollar will pay the price.”