Bessent Sees ‘Unruly’ Chinese Trading Behind Gold Price Swings

Treasury Secretary Scott Bessent cited Chinese traders as a reason behind last week’s wild swings in the gold market.

“The gold move thing — things have gotten a little unruly in China,” Bessent said on Fox News’ Sunday Morning Futures. “They’re having to tighten margin requirements. So gold looks to me kind of like a classical, speculative blowoff.”