24/7 SUPPORT
Download App
Search
Popular Search
Published: 24 August 2026,09:51
Daily Market Analysis New
Key Takeaways:
*US dollar continues to weaken as markets digest the Treasury’s bond-buyback programme
*Investors are increasingly pricing in a debasement trade amid concerns over US debt sustainability
*Treasury intervention highlights Washington’s sensitivity to elevated long-term yields
*Gold remains supported as institutional investors reassess exposure to bonds and alternative stores of value
The Dollar Index, which tracks the greenback against a basket of six major currencies, continued to extend losses as market participants digested the US Treasury Department’s expanded bond-buyback programme. The move has encouraged investors to reassess the outlook for long-term yields, US fiscal sustainability, and confidence in the dollar.
Institutional funds are increasingly pricing in a weaker dollar as the debasement trade gains momentum. While Treasury buybacks are designed to support market liquidity and reduce pressure in long-dated bonds, the policy has also raised concerns that Washington is becoming more sensitive to elevated borrowing costs.
Treasury Secretary Scott Bessent’s intervention has therefore become a major market signal. By stepping in to contain pressure on long-term yields, the Treasury has effectively revealed how much higher borrowing costs could strain the US fiscal position. This has strengthened concerns that rising debt levels may become a larger issue for markets over the coming years.
Adding to the pressure on the dollar, billionaire investor Ray Dalio, founder of Bridgewater Associates, has warned about the risk of a potential US debt crisis and suggested that it could emerge within the next few years. His decision to reduce exposure to bonds and increase allocation toward gold has further reinforced the view that institutional investors are becoming more cautious toward traditional government debt.
Gold prices continued to edge higher as the dollar weakened. A softer greenback makes dollar-denominated bullion more attractive to foreign buyers, while concerns over US debt sustainability have strengthened gold’s appeal as an alternative store of value.
At the same time, lower long-term yields reduce the opportunity cost of holding non-yielding assets such as gold. As investors become more concerned about fiscal deficits, debt expansion, and the long-term credibility of US assets, demand for gold has remained supported.
Overall, the market is increasingly connecting Treasury intervention with broader concerns over debt sustainability and dollar weakness. As long as investors continue to price in fiscal risks and lower confidence in long-term US bonds, gold may remain well supported in the near term.
Technical Analysis
GOLD, H4:
Gold prices are trading higher after breaking above the previous 4,545.00 resistance level, reinforcing the bullish structure in the near term.
If bullish momentum persists, gold could extend gains toward the next resistance level at 4,700.00, followed by 4,900.00 if upside momentum strengthens further.
However, momentum indicators are showing early signs of caution. Both the MACD and RSI are forming bearish divergence, suggesting that upside momentum may be weakening despite the recent breakout.
If the MACD begins to turn lower and bullish momentum fades, gold may experience a short-term technical correction and retest 4,545.00 as the key support level. A break below this level could expose further downside toward 4,435.00.
Resistance Levels: 4,700.00, 4,900.00
Support Levels: 4,545.00, 4,435.00
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Important Notice: Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely on your own initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on a reverse solicitation basis in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!
