Gold prices hit three-month high amid US Treasury buyback news
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Market participants / US Treasury
Global
August 24, 2026
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COMPAMIR Editorial Team
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Read our editorial policy- Earlier version 18/25/2026, 2:20:16 AM
Gold prices reached their highest level since May 14 on August 24. The rally was driven by the US Treasury's buyback announcement and a weaker US dollar. Geopolitical tensions, including new sanctions on Iran, also supported the price increase.
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