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Gold Set For Third Weekly Gain On US Treasury Buyback Plans
While yields retraced much of the decline the buyback prompted later in the week, the move reflects concerns about soaring government debt.
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Gold was on track for a third weekly gain after the US Treasury’s unexpected ramp-up in buybacks of long-dated government debt underscored concerns about its burden.

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Gold was on track for a third weekly gain after the US Treasury’s unexpected ramp-up in buybacks of long-dated government debt underscored concerns about its burden.