Dollar sinks as investors flock to gold, crypto after Scott Bessent’s Treasury buyback

Dollar Sinks As Investors Flock To Gold, Crypto After Scott Bessent’s Treasury Buyback

The DXY dollar index fell to 98.6630 on Friday, down 0.23% from the previous session, bringing its decline over the past month to 2.43%. The dollar’s weakness follows the Treasury Department’s decision to at least double its purchases of longer-dated government bonds, a move that initially triggered a selloff in the currency while boosting gold and Bitcoin…