- Falling long-end Treasury yields drove the market rebound.
- Treasury buybacks lower yields, boosting metal prices, affecting companies like ABX and Agnico Eagle, and involving Scott Bessent.
- The U.S. Treasury announced a buyback program for long-dated Treasuries and signaled support for the gold market.
- The U.S. Treasury announced a buyback program for long-dated Treasuries and signaled support for the gold market.
Iran is using gold to bypass SWIFT limitations amid new US sanctions, prompting Treasury Secretary Bessent to address gold's role.
1 report, 1 independent
Updated Aug 25
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What happened
Iran is using gold to bypass SWIFT limitations amid new US sanctions, prompting Treasury Secretary Bessent to address gold's role.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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SWIFT
Belgian payments services society
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Scott Bessent
United States Secretary of the Treasury
Related events
- The Treasury launched an economic onslaught against Iran, while Treasury bond buybacks ignited liquidity hopes for Bitcoin and gold.
- Treasury Secretary Bessent announced sanctions against Iranian hackers who targeted cryptocurrency wallets holding Bitcoin.
- Bessent confirmed the value of gold held at Fort Knox, linking it to Iran's use of gold outside the dollar system.
- Iran is facing military action and fearing U.S. Treasury sanctions as geopolitical tensions rise.
- The Trump administration launched sanctions against Iran, aiming to choke off its revenue streams, a development discussed by Scott Bessent.