{
  "id": 6444598,
  "title": "Gold bulls defy US yield spike as Treasury buyback nears",
  "url": "https://urgent.news/2026/09/09/gold-bulls-defy-us-yield-spike-as-treasury-buyback-nears",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-09T17:02:09.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/gold-bulls-defy-us-yield-spike-as-treasury-buyback-nears-202609091702"
  },
  "original_language": "en",
  "account": "Gold prices rise over 1% on Wednesday, defying a spike in US yields, as the Treasury Department prepares to buy back bonds for a September 10 auction. The yellow metal is trading near $4,400, with traders awaiting US inflation data and a potential rate hike at the September 15-16 Federal Reserve meeting. The Treasury plans to purchase up to $6 billion in securities maturing between 10-20 years, aiming to curb the rise in long-term bond yields. Gold has been rallying off support near the 100-day Simple Moving Average (SMA) and is now testing the $4,425 resistance level. If it breaks higher, the next target would be the 200-day SMA at $4,537. If prices fall below $4,400, the 100-day SMA at $4,261 could provide support. Gold has historically been seen as a safe-haven asset and a hedge against inflation and currency depreciation. Central banks, particularly in emerging economies, have been increasing their gold holdings as a diversification strategy.",
  "summary": "Gold (XAU/USD) rises over 1% on Wednesday, even as the US Dollar (USD) trims some of its earlier losses, after the US Treasury Department announced a bond buyback for the September 10 auction of 10- and 20-year instruments.",
  "key_points": [
    "Gold prices surge over 1% despite US yields rising sharply",
    "Treasury Department to buy back $6 billion in bonds for Sept 10 auction",
    "Gold near $4,400, testing $4,425 resistance before potential $4,537 target"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}