Gold Hits $4,620 as Treasury Buybacks Reignite the Dollar Debasement Trade
Key Takeaways Gold climbed 5% this week to $4,620, its highest price since May. The dollar index dropped to 98.723 on Aug. 19 after Treasury doubled its bond buyback program. Bitcoin, up near $78,000, is riding the same debasement trade, but analysts say gold differs. Gold’s Breakout Above $4,600 Bloomberg analysts noted that gold climbed…
