Gold surges 1,450 Baht as US Treasury bond buyback hits Dollar

Post Today•Economy•6d ago

Reader Briefing

Gold prices rose by 1,450 Baht on August 20, 2026, driven by US Treasury bond buybacks and a weakening US Dollar.

•Gold prices increased by 1,450 Baht on August 20, 2026, compared to August 19, 2026.
•The US Treasury Department announced an increase in the size of its bond buyback program to enhance liquidity.
•YLG Bullion and Futures Co., Ltd. noted that the US Dollar and long-term US bond yields declined.
•The FedWatch tool indicates only a 30.8% chance that the Fed will raise interest rates in September.

•Gold prices on August 20, 2026, rose by a total of 1,450 Baht compared to August 19, 2026.
•The US Treasury Department announced an increase in the size of its bond buyback program to enhance liquidity.
•The US Treasury Department's action caused long-term US bond yields and the US Dollar to decrease.
•The decline in bond yields and the US Dollar supported gold as an asset that does not provide interest income.
•The FedWatch tool shows a 30.8% probability of a Federal Reserve interest rate hike in September.
•YLG Bullion and Futures Co., Ltd. warned of potential short-term price corrections due to the gold market entering an overbought state and a Bearish Divergence in the 4-hour chart.
•Oil prices remain positive following threats by Trump to impose economic sanctions on Iran.

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Gold Traders Association(สมาคมค้าทองคำ)

The organization that announced gold price updates and market closing times.

YLG Bullion and Futures Co., Ltd.(บริษัท วายแอลจี บูลเลี่ยน แอนด์ ฟิวเจอร์ส จำกัด)

The company providing gold price analysis and market warnings.

US Treasury Department(กระทรวงการคลังสหรัฐ)ℹ️

The US government body that announced an increase in the bond buyback program size.

Fed(เฟด)

The central banking system mentioned in the FedWatch tool regarding potential September interest rate hikes.

Trump(ทรัมป์)ℹ️

The individual who threatened economic sanctions against Iran.

Iran(อิหร่าน)ℹ️

The country targeted by Trump's threatened economic sanctions.