Treasury Yields Fall, Gold Jumps On Bessent Buyback Plan; GDX Flashes Buy Signal

Long-term Treasury yields fell on Wednesday after the Trump administration doubled down — at a minimum — on debt buyback operations. The initial impact on bonds wasn't quite dramatic, with the 10-year Treasury yield falling 5 basis points on Wednesday. But the move lit a fire under the gold price and the VanEck Gold Miners ETF (GDX).