US Treasury Move Sends Gold Soaring: Spot Price Surpasses $4,460

The US Treasury Department's announcement that it would increase its long-term bond buyback amount triggered sharp movements in the bond market. This development boosted investors' demand for safe-haven assets, rapidly driving gold prices higher. Spot gold rose from $4,365 to above $4,460 within approximately 1.5 hours following the announcement, marking a significant gain. According to market data, spot gold entered a recovery phase after hitting a daily low of $4,324. Gold, which was trading around $4,365 at 15:00, gained momentum following the bond purchase news. The rise also accelerated in gram gold, with a notable shift in investors' risk appetite. Experts noted that the Treasury's increase in long-term bond buybacks was perceived as a liquidity-supportive signal in the markets. This caused volatility in bond prices while also strengthening demand for gold. Particularly amid ongoing geopolitical and economic uncertainties, gold's safe-haven appeal came to the forefront. This rapid movement in gold prices has led investors to reassess their portfolio balances. However, it is noted that market volatility may persist and prices could remain volatile in the short term. Investors are advised to closely monitor macroeconomic data and developments related to central bank policies. This is not investment advice.