Evening Wrap: ASX 200 gains as gold stocks stack double-digit gains after US Treasury bond intervention
The ASX 200 rose 0.33% as US Treasury bond yields fell after an expanded debt buyback program announcement. Gold stocks surged, with Ora Banda Mining (OBM) up 14.0% and Alkane Resources (ALK) up 11.0%. Tech and healthcare sectors also gained, while financials declined 1.9%. Gold prices rose 2.8% overnight, and US futures showed modest gains.

