{
  "id": 3689779,
  "title": "Gold’s Best Month Since January Comes Courtesy of Scott Bessent",
  "url": "https://urgent.news/2026/08/25/golds-best-month-since-january-comes-courtesy-of-scott-bessent",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T19:17:28.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/commodities/articles/gold-best-month-since-january-191728957.html"
  },
  "original_language": "en",
  "account": "Gold is enjoying its best month since January, and the Federal Reserve remains uninvolved in its recent surge. The precious metal traded around $4,641 midday Tuesday, marking a 14% increase over the past month and nearing a three-month high. Two factors contribute to this impressive performance: a weaker dollar and soaring bond yields.\n\nAnalysts have identified a stock with the potential to rival Nvidia, and their #1 pick is none other than Scott Bessent. This prominent figure is responsible for doubling long-end buybacks this month, with hints that he might tap the Treasury General Account for additional purchases. Investors are increasingly viewing bond yields as a sign of broader economic issues, particularly concerning the currency those bonds are tied to. This phenomenon, known as the \"debasement trade,\" has propelled gold prices up by 65% since 2025.\n\nCentral banks have contributed to the gold rally by buying 288.9 tonnes in the second quarter, a 62% increase compared to the previous year and a new record. Meanwhile, retail ETF holders sold off their gold positions, pulling out 45 tonnes. It's clear that institutional investors are shifting their focus towards gold as a strategic alternative.\n\nDespite Fed Chair Kevin Warsh's upcoming keynote at the Jackson Hole symposium, where he may indicate a hawkish stance on monetary policy, the gold rally appears to be resilient. This rally isn't easily derailed, as the Federal Reserve does not control the Treasury's buyback program, the budget deficit, or the individual driving both initiatives. Bessent has assured investors that he is prepared to continue the buyback program, and gold continues to thrive under his leadership.",
  "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."
}