The Zhitong Finance App learned that the US Treasury unexpectedly increased the repurchase of long-term treasury bonds, highlighting the global financial market's concerns about its debt burden. Gold spot and futures trading prices are expected to rise for three consecutive weeks. As far as the price curve of gold is concerned, it is receiving a “dual path benefit” structure triggered by the US government's repurchase of long-term US bonds of 10 years or more — the decline in risk-free yield earns the opportunity cost of holding, and when the yield is out of control, it earns a credit premium. The spot price of gold traded steadily above the key mark of $4,500 per ounce at the beginning of the Asian market on Friday. Previously, it surged more than 4% in a single day on Wednesday, causing investors who are optimistic about the long-term gold bull market to chant “the familiar gold bull market from half a year ago has finally returned.”

The Zhitong Finance App learned that the US Treasury unexpectedly increased the repurchase of long-term treasury bonds, highlighting the global financial market's concerns about its debt burden. Gold spot and futures trading prices are expected to rise for three consecutive weeks. As far as the price curve of gold is concerned, it is receiving a “dual path benefit” structure triggered by the US government's repurchase of long-term US bonds of 10 years or more — the decline in risk-free yield earns the opportunity cost of holding, and when the yield is out of control, it earns a credit premium. The spot price of gold traded steadily above the key mark of $4,500 per ounce at the beginning of the Asian market on Friday. Previously, it surged more than 4% in a single day on Wednesday, causing investors who are optimistic about the long-term gold bull market to chant “the familiar gold bull market from half a year ago has finally returned.”