Treasury Secretary Scott Bessent confirms Fort Knox gold reserves intact but notes dollar is no longer backed by it

U.S. Treasury Secretary Scott Bessent confirmed that all the gold stored at Fort Knox remains present and accounted for, addressing public concerns about its security. However, he also clarified that the U.S. dollar is no longer tied to physical gold reserves.

By Jing Pan Sat, July 18, 2026 at 4:15 PM GMT+3 8 min read · Yahoo Finance ·

Treasury Secretary Scott Bessent confirms Fort Knox gold reserves intact but notes dollar is no longer backed by it

Topics: Fort Knox gold reserves Treasury Secretary U.S. dollar

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