Gold's August rally began when an expanded US Treasury bond buyback pushed yields down on August 19, but the yield move fully reversed within hours the same session. Gold did not give back the gain, adding several more sessions of advance even after the mechanism that triggered the move stopped operating. The pattern resembles narrative anchoring, where a story keeps driving behavior after its original catalyst has faded. Portfolios underweight the metal have been chasing the move since.
This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.
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