President Donald Trump announced plans to audit the U.S. gold reserves at Fort Knox, aiming to verify the Treasury Department’s reported holdings of more than 140 million troy ounces. The move follows recent speculation fueled by Elon Musk’s comments and long-standing conspiracy theories about the fort’s high-security storage. Treasury Secretary Bessent’s earlier remarks on monetizing U.S. assets have added to investor interest. The valuation has been priced at $42 per ounce since 1973. Alamos Gold CEO John McCluskey said an audit would be beneficial. Spot gold surged to a new record high on Thursday, continuing its streak of record-breaking gains this year.
