After the US Treasury made a bold intervention in the bond market, the price of gold approached a three-month high. The market once again worried about the weakening dollar, prompting investors to switch to other assets. Gold rose as high as 0.5% in early trading, breaking through $4,620 per ounce, continuing its upward trend for the third consecutive week. Last week, the US Treasury unexpectedly announced an increase in long-term treasury bond repurchases, driving yields and the dollar lower. As a result, gold surged more than 5%. Controlling borrowing costs through direct intervention raises concerns: US policies may weaken market confidence in the dollar and increase the attractiveness of other investments. So-called currency depreciation rhetoric is once again on the rise. This factor helped gold to soar 65% in 2025. The weakening of the US dollar is beneficial to commodities denominated in US dollars.

After the US Treasury made a bold intervention in the bond market, the price of gold approached a three-month high. The market once again worried about the weakening dollar, prompting investors to switch to other assets. Gold rose as high as 0.5% in early trading, breaking through $4,620 per ounce, continuing its upward trend for the third consecutive week. Last week, the US Treasury unexpectedly announced an increase in long-term treasury bond repurchases, driving yields and the dollar lower. As a result, gold surged more than 5%. Controlling borrowing costs through direct intervention raises concerns: US policies may weaken market confidence in the dollar and increase the attractiveness of other investments. So-called currency depreciation rhetoric is once again on the rise. This factor helped gold to soar 65% in 2025. The weakening of the US dollar is beneficial to commodities denominated in US dollars.