Precious-metals shares gain as gold and silver rise
Precious metal-related shares trade higher as gold and silver rise amid falling Treasury yields and a weaker dollar.
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GLD jumps 3% as Treasury doubles long-dated buybacks
SPDR Gold Shares (GLD) surged 3% after the U.S. Treasury unexpectedly doubled long-dated bond buybacks to at least $4 billion per operation, pushing yields and the dollar lower.
Precious-metals stocks rise as gold, silver gain
Shares of precious-metals-related companies are trading higher alongside gains in gold and silver as Treasury yields and the U.S. dollar decline after the Treasury Department doubled longer-dated bond buyback operations.