<After Hours Precious Metals> US Expansion of Long-Term Buybacks Spur Buying Interest, Gold Surges Over 5% Weekly for Third Week in a Row

Gold prices have risen to a three-month high, increasing by over 2.4% on Friday, with spot gold trading at $4,623.94 per ounce and reaching an intraday peak of $4,631.99, the highest since May 15. This surge follows three consecutive weekly gains, driven by the US Treasury's expansion of long-term buybacks, which weakened the dollar and pushed gold prices above a significant technical level when priced in US dollars.