{"id":4799,"date":"2026-08-22T16:35:38","date_gmt":"2026-08-22T16:35:38","guid":{"rendered":"https:\/\/hometransferguide.com\/?p=4799"},"modified":"2026-08-22T16:35:38","modified_gmt":"2026-08-22T16:35:38","slug":"dollar-sinks-as-investors-flock-to-gold-crypto-after-scott-bessents-treasury-buyback","status":"publish","type":"post","link":"https:\/\/hometransferguide.com\/?p=4799","title":{"rendered":"Dollar Sinks As Investors Flock To Gold, Crypto After Scott Bessent\u2019s Treasury Buyback"},"content":{"rendered":"
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The U.S. dollar fell Friday as investors continued shifting toward gold and Bitcoin amid growing concerns that Treasury Secretary Scott Bessent\u2019s efforts to contain long-term borrowing costs could further weaken the greenback.<\/p>\n

Read more Who Was Huey Long, The Depression-Era Populist Democrat Vance Just Quoted?<\/a><\/p>\n

The DXY<\/span> dollar index fell to 98.6630, bringing its decline over the month to 2.43%. while fueling concerns that the greenback\u2019s days of being the world\u2019s reserve currency may be waning. The dollar\u2019s weakness followed the Treasury Department\u2019s decision to double its purchases of longer-dated government bonds, a move that initially triggered a selloff in the currency while boosting gold and Bitcoin in what some market participants dubbed the \u201cdebasement trade.\u201d(RELATED: America\u2019s Fiscal Nightmare Just Got Scarier)<\/strong><\/p>\n

The Treasury said Wednesday that it would increase the maximum size of its liquidity-support buyback operations from $2 billion to at least $4 billion per operation beginning Sept. 9 and cover longer-dated Treasury securities. Bessent subsequently said the purchases could exceed $4 billion per operation.<\/p>\n

The intervention was designed to improve liquidity in the long-term Treasury market, but investors interpreted the move as a sign that Washington was increasingly concerned about rising borrowing costs tied to the federal debt. The announcement initially pushed the dollar lower while sending Bitcoin<\/span> above $72,000 and boosting gold to $4,671 per ounce as of this writing. <\/p>\n

The simultaneous gains in gold and Bitcoin underscored the appeal of assets not directly tied to the U.S. government\u2019s debt market. The Treasury market turmoil made non-interest-bearing assets such as gold and Bitcoin relatively more attractive.<\/p>\n

Read more Longtime Conservatives In Texas Consider The Unthinkable: Voting For A Democrat<\/a><\/p>\n

<\/p>\n

The 10-year<\/span> Treasury yield climbed back toward 4.7% Thursday, while the 30-year yield remained above 5%, as investors continued to worry about inflation and government borrowing.<\/p>\n

The scale of the intervention was also small compared with the size of the government\u2019s obligations. The national debt<\/span> crossed $40 trillion Wednesday, while the federal deficit was expected to exceed $2 trillion. <\/p>\n

A loss of the dollar\u2019s reserve-currency status could hit Americans through weaker purchasing power and higher borrowing costs. A NBER study estimated that losing reserve status could cause an 8.8% real depreciation in the dollar and push U.S. real interest rates roughly 90 basis points higher. <\/p>\n

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Economist Kenneth Rogoff has warned that a weaker dollar could also mean higher rates on \u201chome mortgages\u201d and \u201ccar loans,\u201d estimating Americans currently pay roughly 0.5 to 1 percentage points less than they otherwise would, according to Foreign Policy. <\/p>\n

Read more Big City Mayor Accuses DNC Of \u2018Abandoning Black Voters\u2019 By Not Going With Their City<\/a><\/p>\n

<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The DXY dollar index fell to 98.6630 on Friday, down 0.23% from the previous session, bringing its decline over the past month to 2.43%.<\/p>\n","protected":false},"author":1,"featured_media":4798,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[3770,1499,3933],"class_list":["post-4799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting","tag-business-finance","tag-scott-bessent","tag-u-s-dollar"],"yoast_head":"\nDollar Sinks As Investors Flock To Gold, Crypto After Scott Bessent\u2019s Treasury Buyback - Home Transfer Guide<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hometransferguide.com\/?p=4799\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dollar Sinks As Investors Flock To Gold, Crypto After Scott Bessent\u2019s Treasury Buyback - 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