Gold Is Up More Than 4% on the Week and Bessent’s…

Gold extended its weekly rally Friday after the U.S. Treasury's attempt to push down long-term borrowing costs produced barely a day of relief in the bond market. The move builds directly on the setup FinanceFeeds covered on August 19 , when spot gold was trading at $4,359.58 an ounce as investors waited for the July FOMC minutes. Since then, Treasury doubled planned buybacks of long-dated debt,…