Why an announcement from the Treasury sparked a rally in gold and bitcoin this week - MarketWatch

Christine Idzelis

Aug 22, 2026

Why an announcement from the Treasury sparked a rally in gold and bitcoin this week - MarketWatch

Cryptocurrencies and precious metals shot higher, while the U.S. dollar weakened, after the Treasury Department said it planned to double its bond buybacks

Market Extra Cryptocurrencies and precious metals shot higher, while the U.S. dollar weakened, after the Treasury Department said it planned to double its bond buybacks Aug. 22, 2026, 9:00a.m. ET … [+496 chars]

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