The U.S. Treasury expanded its longer-dated debt buyback program on August 19, with operations now involving at least $4 billion for 10- to 30-year securities, doubling from previous levels. This move has revived investor concerns over potential dollar debasement. Gold and bitcoin prices rose significantly following the announcement. Market odds for gold reaching $4,700 in August now stand at 44%, up from 22% the previous day. This trend reflects hedging strategies against currency devaluation.
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