Dollar Sinks As Investors Flock To Gold, Crypto After Scott Bessent’s Treasury Buyback

Source: www.dailycaller.com · Section: politics · Bias: Right · Published: Fri, 21 Aug 2026 15:57:03 GMT

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%. The dollar’s weakness follows the Treasury Department’s decision to at least 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 have dubbed the “debasement trade.”

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The same story across the political spectrum (15 sources)

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