Gold stays near three-month high
Gold prices stabilized near their highest levels in three months, surpassing $4,627 per ounce. This was supported by the U.S. Treasury Department's expansion of long-term bond buyback programs to lower borrowing costs, which led to a weak dollar and increased demand for tangible assets. Additionally, the U.S. debt exceeded the $40 trillion mark, fueling strong inflows into gold ETFs and expectations of further gains, potentially reaching $4,700 per ounce.
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