Gold Set for Third Weekly Gain on US Treasury Buyback Plans

Gold prices are stabilizing as the precious metal moves toward its third consecutive weekly gain. This upward trend follows the US Treasury's unexpected increase in buybacks of long-dated government debt. The move by the US Treasury has intensified market concerns regarding the overall burden of government debt, providing support for gold. Consequently, the asset continues to show strength as investors react to the fiscal strategies and debt management plans implemented by the US Treasury.