Why an announcement from the Treasury sparked a rally in gold and bitcoin this week

Cryptocurrencies and precious metals shot higher, while the U.S. dollar weakened, after the Treasury Department said it planned to double its bond buybacks.

Market Watch • 4 hours ago

Gold rebounds as bond jitters, debt fears and weaker dollar revive bullion demand

Gold is heading toward a weekly gain of nearly 5% after rebounding from its second-quarter slump. Bullion rose as a weaker dollar, bond market jitters and renewed fears over soaring U.S. debt weighed on markets this week.

CNBC • Aug 21, 2026

Ray Dalio says Bessent move is sign that a debt crisis is getting closer; recommends gold and bitcoin

Billionaire investor Ray Dalio said the the debt buyback announcement this week fits into a larger pattern that could signal a looming debt crisis. Dalio recommended investors look to gold and bitcoin.

CNBC • a day ago

Gold Reaches Highest Price In Three Months As Dollar Weakens

Gold and silver have largely come down from the historic highs they reached earlier this year, as gold languished between roughly $4,000 and $4,200 and silver hovered between $50 and $60 for much of the summer. For the quarter ending June 30, gold shed 16% of its value, representing its worst quarter in more than a decade.

Forbes • Aug 21, 2026

Ray Dalio Says Dump Bonds, Buy Gold: 4 ETFs in Focus as US Debt Risks Rise

Billionaire investor Ray Dalio's latest warning about a potential U.S. debt crisis is putting a fresh spotlight on an ETF trade that has already been gaining traction: moving away from long-duration Treasuries and toward assets such as gold and Bitcoin.

Benzinga • 20 hours ago

Gold Moves Higher; US Composite PMI Surges In August

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 400 points on Friday.

Benzinga • Aug 21, 2026

Gold Price Analysis – Gold Clears $4,600 Resistance as Golden Cross Emerges

Gold continues its march higher on Friday, as we are watching the trading world test the US Dollar.

FXEmpire • Aug 21, 2026

Gold Price Forecast: Uptrend Resumes After Achieving Mid-Year Lows

Gold, silver and miners rebound from mid-year lows as Treasury buybacks pressure the dollar, while Bitcoin's rally challenges the bearish October outlook.

FXEmpire • Aug 21, 2026

Stock Market Rally Buckles; Moderna, Gold, Bitcoin Surge While Walmart Tumbles: Weekly Review

The market rally flashed some bearish signals. Moderna skyrocketed on a cancer vaccine while gold and bitcoin jumped.

Investors Business Daily • Aug 21, 2026

How Bessent's Efforts to Calm Bond Market Set Gold Prices Ablaze

Prices of gold, silver, platinum and Bitcoin rose following the Treasury buyback announcement, while the dollar fell.

Barrons • 19 hours ago