President Donald Trump said his administration will review U.S. gold reserves in Fort Knox, Kentucky.
“We’re going to the legendary Fort Knox Fort Knox to make sure the gold is there,” President Trump said on Air Force One on Wednesday.
Elon Musk recently drove to Fort Knox to win the momentum in a comment on X. Over the past few decades, theories of conspiracy have emerged from time to time due to the high security of the fortress.
The Treasury Department provides the exact amount of U.S. gold reserves on its website and says there are 147,341,858.382 Troy ounces in Fort Knox.
“I think if this administration imposes an audit, it’s a good thing for everyone,” said John McCluskey, Alamos gold medal CEO. CNBC’s “Squawk Box” Thursday.
Gold futures, 1 year
Treasury Secretary Bessent’s comment earlier this month to “profit for the assets of the American people’s balance sheet”, which also joins recent speculation that the U.S. government should review its gold reserves and possibly Reevaluate it. The current gold holding price of the Ministry of Finance is $42 per ounce, The level set by law has not changed since 1973.
Spotted gold rose Thursday, hitting a new record of $2,954.69 earlier in the meeting. That was the tenth record of gold bars this year.
