Gold moves to test the next key threshold after US Treasury surprises with bond buybacks

The big announcement from yesterday, in case you missed it: US Treasury is increasing the size of liquidity support buyback operations for longer-dated securities That pretty much overshadowed the FOMC minutes and is arguably going to stick as the biggest headline in markets this week. Essentially, Bessent is announcing that they will at least double buybacks on the long-end on the curve to at…