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Gold Hits Three-Month High on US Buyback Plans

Gold prices reached a more than three-month high as buying momentum extended following recent U.S. Treasury buyback announcements. Investors are now awaiting key inflation data and upcoming Federal Reserve commentary.

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FILE PHOTO: A view of smelted gold bars at a smelting facility in Accra, Ghana, August 22, 2024. REUTERS/Francis Kokoroko/File Photo

Gold rose to a three-month high on Tuesday morning, gaining 0.4% to $4,668.19 per ounce as buying momentum accelerated. The rally extends gains triggered by recent central bank liquidity measures in the United States.
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