Gold prices rise as US increases bond buybacks

Prachachat•Economy•6d ago

Reader Briefing

Hua Seng Heng forecasts an uptrend for gold prices following a US Treasury announcement to increase bond buybacks.

•Hua Seng Heng predicts a gold price uptrend for August 20, 2026.
•The US Treasury announced an increase in government bond buybacks from 2 billion dollars to at least 4 billion dollars.
•The US Dollar Index (DXY) decreased to 98.76 units from 99.66 units.
•SPDR fund purchased 9.41 tons of gold.

•The US Treasury announced an increase in the scale of government bond buybacks from 2 billion dollars to at least 4 billion dollars.
•The US Treasury bond buyback announcement caused US bond yields for 10 and 30 years to drop below 4.70% and 5.20% respectively.
•The US Dollar Index (DXY) declined by 0.88%, moving from 99.66 units to 98.76 units.
•Lower US bond yields reduced the opportunity cost of holding gold, contributing to the rise in global gold prices.
•Potential military attacks by Iran on US targets in Europe, such as Bulgaria and Cyprus, if Donald Trump starts a new war, could drive up inflation and US Federal Reserve interest rates.
•SPDR fund purchased 9.41 tons of gold.
•Hua Seng Heng predicts an uptrend for gold prices on August 20, 2026, with gold bar resistance at 70,050/70,150 baht.

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Hua Seng Heng(ฮั่วเซ่งเฮง)

An entity providing gold price analysis and trends.

US Treasury(กระทรวงการคลังสหรัฐ)ℹ️

The US government body that announced an increase in government bond buybacks.

US Federal Reserve(ธนาคารกลางสหรัฐ)ℹ️

The US central bank whose interest rates may be affected by inflation risks.

A fund that purchased 9.41 tons of gold.

Iran(อิหร่าน)ℹ️

A country considering the possibility of attacking US military targets in Europe.

Bulgaria(บัลแกเรีย)ℹ️

A country mentioned as a potential target for military attacks.

Cyprus(ไซปรัส)ℹ️

A country mentioned as a potential target for military attacks.

Donald Trump(โดนัลด์ ทรัมป์)ℹ️

The US President mentioned in relation to the possibility of starting a new war.