Treasury yields fell and the price of gold continued its recent rally Monday after Treasury Secretary Scott Bessent essentially warned investors not to bet against his ability to tame the government bond market.
Following last week’s news that the Treasury will at least double its buybacks of long-term bonds, Bessent and his lieutenants signaled their readiness to deploy the nearly… Related news Treasury Yields Fall, Gold Jumps On Bessent Buyback Plan; GDX Flashes Buy Signal 8/19/2026 The gold price jumped and the GDX gold miner ETF surged on Treasury Secretary Scott Bessent’s move to cap long-term… 8/19/2026 The gold price jumped and the GDX gold miner ETF