Key Takeaways Gold climbed 5% this week to $4,620, its highest price since May. The dollar index dropped to 98.723 on Aug. 19 after Treasury doubled its bond buyback program. Bitcoin, up near $78,000, is riding the same debasement trade, but analysts say gold differs. Gold’s Breakout Above $4,600 Bloomberg analysts noted that gold climbed to a three-month high above $4,620 an ounce as Treasury intervention in the bond market revived fears of a weaker dollar. Spot gold traded between $4,580 and $4,600 through the week, with futures pushing toward $4,650. Image source: Bloomberg.com Saxo Bank commodity strategist Ole Hansen …


