U.S. Treasury Secretary Comments on Gold Market Trends

U.S. Treasury Secretary Besent has remarked that the current state of the gold market resembles a typical speculative sell-off. According to Odaily, Besent observed that the cyclical components of the market are in an expansion phase. He also anticipates that the Federal Reserve will not take immediate action regarding its balance sheet. Besent expressed confidence in Walsh's independence in handling related matters.