Gold holds near $4,500 amid falling U.S. yields
Gold prices remain close to $4,500 per ounce after retreating from recent highs. This stability is supported by a decline in long-term U.S. Treasury bond yields resulting from the government's expanded bond repurchase program, a weakening dollar, and expectations of more accommodative financial policies. The calm in the markets comes amid concerns over inflation and the U.S. government’s national debt surpassing $40 trillion, along with market expectations that the Federal Reserve will maintain interest rates at its upcoming meeting. Central banks continue to show interest in gold as a safe haven asset, contributing to this ongoing demand.
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