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Treasury Bond Buyback Plan Boosts Gold, Bitcoin Prices

Updated 2026-08-22 13:10 UTC 1 source Positive

The U.S. Treasury's plan to double its bond buybacks has sparked a rally in gold and bitcoin prices while weakening the dollar. The move is expected to impact financial markets.

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MarketWatch

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.

2026-08-22 13:00 UTC