DXY rises nearly 20 points in a short move, while spot gold drops $36
According to Gate data, the U.S. Dollar Index, or DXY, climbed nearly 20 points in a short-term move and was last quoted at 98.64. At the same time, spot gold fell $36 and was trading at $4,397.64 per ounce. The market move came after a prior statement from the U.S. Treasury, which said that under its expanded Treasury buyback plan, it would purchase up to $6 billion in long-dated government bonds in the first operation. The update ties a stronger dollar reading to a sharp move in gold prices, while also pointing to the Treasury’s planned bond purchases as part of the broader policy backdrop cited in the source report.








