US Treasury expands buybacks, cutting long‑dated yields and dollar falls to 98.5, while US debt tops $40 trillion.
Spot gold rises 5% to over ₹1,56,159/10g, with bullish technicals and support at ₹1,58,200.
Brent crude climbs 6% to $95, WTI to $89 as Iran sanctions cut China’s imports to 534k barrels/day.
US Treasury Buybacks & Market Impact The Treasury announced a new fiscal initiative to expand buybacks of 10‑ to 30‑year securities, a move that came a day after pledging to double the size of its buyback operations. The announcement sent long‑dated yields sharply lower, and the dollar slid to a two‑month low of 98.5. With US debt exceeding $40 trillion for the first time, the buyback strategy aims to tame borrowing costs while the FOMC minutes signal a willingness to tighten if inflation remains high.
Gold Rises on Yield Decline Spot gold closed above $4,600 an ounce for the first time since mid‑May, up roughly 5 % on the week. In India, gold futures broke the ₹1,56,159 per 10‑gram resistance, trading comfortably above the 20‑day EMA and Supertrend. The nearest support lies at ₹1,58,200, with upside resistance at ₹1,64,500 and a potential move toward ₹1,69,900 if the bullish bias sustains.
Oil Prices Surge Amid Iran Sanctions Brent crude rose 6 % to $95 a barrel and WTI to $89 after the U.S. threatened the toughest sanctions on Iran. China, the largest buyer of Iranian crude, cut August imports to about 534,000 barrels a day from 823,000 in July, leaving stranded volumes near Southeast Asian waters. Gulf producers rerouted some shipments, but the risk premium remains high, keeping the oil market on a rally path while gold and silver benefit from the same yield‑dollar dynamic.
