Buy gold on the Treasury bond market intervention, says Deutsche Bank
Treasury Secretary Bessent's plan to more than double bond buybacks can boost the price of gold, the Wall Street bank argues.
TL;DR
- Deutsche Bank predicts Treasury Secretary Scott Bessent's plan to double bond buybacks could boost gold prices.
- Analyst Michael Hsueh suggests gold could rise above his $4,800 target price due to the Treasury's policy change.
- The Treasury plans to increase buyback operations from $2 billion to at least $4 billion.
- Gold prices have already seen significant gains, climbing over 1% on Monday and more than 5% last week.
- Ray Dalio recommends investors maintain an overweight position in gold as a hedge against potential debt crises.
- Gold experienced its largest yearly gain in 2025 since 1979 due to easing monetary policy, central bank buying, and ETF inflows.