Gold prices rallied to a near three-month high, driven by a weakening U.S. dollar and fresh concerns over U.S. fiscal sustainability. The dollar's slide to a three-month low has increased the appeal of gold as a safe-haven asset. The U.S. Treasury's plan to expand its bond buyback program has further fueled these concerns, leading investors to seek stability in hard assets like gold.
Gold Surges on Weaker Dollar and U.S. Debt Concerns
Gold sector
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