Gold hit a three-month high above $4,600 as Treasury bond buybacks weakened the dollar, with bitcoin riding the same debasement trade.

Bitcoin and gold surged as Bessent's bond market move weakened the dollar. Gold hitting $10,000 by December priced at 3.1% YES.

Gold is rebounding as investors weigh U.S. debt concerns, a weaker dollar and stubbornly high Treasury yields.