Dollar Hits Two-and-a-Half-Month Low, Gold Above $4,400, Bitcoin +8%: One Decision Moves All Three

The information in this article is for informational purposes only and does not constitute financial advice. Investing in cryptocurrencies carries a high level of risk. Some trading days see three markets tell the same story. August 19, 2026 was one of them. The dollar index (DXY) fell about 0.9 percent to around 98.8, its lowest reading since May 29. Gold climbed a little more than 2 percent to about $4,480 an ounce, its highest since early June. And bitcoin briefly jumped 8 percent to $69,749, closing the European evening at $68,361 (CoinMarketCap, 9:45 p.m. CEST; dollar and gold data from Barchart and FXStreet, August 19, 2026). A soft dollar, strong gold and a leaping bitcoin on the same day are not a coincidence. They are three reactions to one decision: the U.S. Treasury is doubling its buybacks of long-dated government bonds. The Decision That Set It Off On August 18 the U.S. Treasury announced that its liquidity buybacks at the long end will double from $2 billion to at least $4 billion per operation, effective from September 9 to November 4, 2026. The 30-year U.S. yield, which had touched 5.337 percent the previous day — the highest reading since 2007 — fell back to 5.189 ...