{
  "id": 3648194,
  "title": "Gold and BTC Surge As Bessent Reignites The “Debasement Trade”",
  "url": "https://urgent.news/2026/08/25/gold-and-btc-surge-as-bessent-reignites-the-debasement-trade",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T15:09:32.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/commodities/articles/gold-btc-surge-bessent-reignites-150932022.html"
  },
  "original_language": "en",
  "account": "Gold and Bitcoin experienced a significant rally last week as Bessent reignited the \"debasement trade.\" Both iShares Bitcoin Trust ETF (IBIT) and SPDR Gold Trust (GLD) saw substantial gains over the past week, with IBIT up 22.57% and GLD up 5.23%. However, over the trailing year, GLD is up 37.38% while IBIT has declined by 32.62%. Analysts are now watching Treasury Secretary Scott Bessent's bond market maneuvering on Aug. 28, as he builds a $950 billion Treasury cash position, which could impact the trade. The debate continues as to whether the rally reflects durable macro conviction or positioning that may unwind on a hawkish signal from Fed Chair Kevin Warsh during his Jackson Hole keynote on Aug. 28.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}