Mucahithan Avcioglu<\/p>\n
19 August 2026\u2022Update: 19 August 2026<\/p>\n
By Mucahithan Avcioglu<\/p>\n
ISTANBUL (AA) – Gold prices extended their gains Wednesday as US Treasury yields fell sharply after the Treasury Department announced plans to increase its buybacks of longer-term government debt.<\/p>\n
Gold rose 3% to around $4,460 per ounce as of 1330GMT. Silver gained 3.3% to $65.40.<\/p>\n
The Treasury Department said it plans to at least double the size of its buyback operations for longer-term notes and bonds, triggering a rally in the US government bond market.<\/p>\n
The yield on the 30-year Treasury bond fell toward 5.2% after reaching 5.34% on Tuesday, its highest since 2007. The 10-year yield also declined after approaching its highest since early 2025.<\/p>\n
The Treasury Department stressed that the expanded operations were intended to support market liquidity and were not designed to \u201cmitigate episodes of acute market stress.\u201d<\/p>\n
The maximum size of individual repurchase operations for securities with maturities of between 10 and 30 years is expected to rise from $2 billion to at least $4 billion under the plan.<\/p>\n
Lower bond yields generally support gold by reducing the opportunity cost of holding non-interest-bearing bullion.<\/p>\n
The decline of the US dollar also supported precious metals. The dollar index, which tracks the greenback against a basket of major currencies, fell around 0.7% to 98.86.<\/p>\n
Investors are also awaiting minutes from the US Federal Reserve\u2019s July meeting for signals about policymakers\u2019 inflation assessment and the future path of interest rates.<\/p>\n","protected":false},"excerpt":{"rendered":"Mucahithan Avcioglu 19 August 2026\u2022Update: 19 August 2026 By Mucahithan Avcioglu ISTANBUL (AA) – Gold prices extended their…\n","protected":false},"author":2,"featured_media":573984,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69,201078],"class_list":["post-573983","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz","tag-sitekeywords"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/573983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=573983"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/573983\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/573984"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=573983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=573983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=573983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}