GoldFix

GoldFix

Bessent Blames Gold Rally-Dump on China

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VBL
Feb 08, 2026
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GFN – WASHINGTON

US Treasury Secretary Scott Bessent attributed last week’s sharp swings in gold prices to speculative activity by Chinese traders, describing market conditions in China as increasingly unstable.

Speaking on Fox News, Bessent said gold’s recent price action bore the hallmarks of excess speculation, pointing to steps taken by Chinese author…

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