How Bessent’s Efforts to Calm Bond Market Set Gold Prices Ablaze - Barron's
How Bessent’s Efforts to Calm Bond Market Set Gold Prices Ablaze - Barron's
Source: Barron's
―
DW NOTE
Bessent can smooth the yield curve all he likes — when bond buyers calm down and gold rallies 6.77% in a week, that's not confidence in Treasuries, that's flight from fiat. The Strait is closed, oil supply is down 4%, and the deficit is 6% of GDP. Gold didn't spike because yields fell; it spiked because the alternatives looked worse.