#goldreboundsnearly5% 📈
Gold
just hit $4,608 — its highest in three months.
Spot
gold settled at $4,608 Friday, gaining 1.8% on the day and nearly 5
% on the week. The catalyst: the Treasury doubled its long-term bond buybacks, pushing 30-year yields to their highest since 2007 and the dollar lower.
Here's what most are missing: central bank purchases hit Q2 record levels, and 16% of fund managers now see gold as undervalued — the highest since March 2023. That's structural demand building beneath the headline move, not just fear.
Gold peaked above $5,000 earlier this year before pulling back. Whether this rebound runs higher hinges on what the Fed signals in September.
$COAI $LIGHT $XAU
Gold
just hit $4,608 — its highest in three months.
Spot
gold settled at $4,608 Friday, gaining 1.8% on the day and nearly 5
% on the week. The catalyst: the Treasury doubled its long-term bond buybacks, pushing 30-year yields to their highest since 2007 and the dollar lower.
Here's what most are missing: central bank purchases hit Q2 record levels, and 16% of fund managers now see gold as undervalued — the highest since March 2023. That's structural demand building beneath the headline move, not just fear.
Gold peaked above $5,000 earlier this year before pulling back. Whether this rebound runs higher hinges on what the Fed signals in September.
$COAI $LIGHT $XAU