Treasury Secretary Bessent says Fort Knox gold is present and accounted for

Treasury Secretary Scott Bessent told Fox News that the gold stored at Fort Knox is "present and accounted for," even though he has not personally visited the vault. He said staff members have inspected the schedule of vault compartment seals, asserting that the reserves are fine.

Critics note that the U.S. gold reserves have not undergone a comprehensive, independent audit since the 1970s, and the 1974 public tour was merely a photo opportunity without serial‑number checks or assaying. Calls for a full audit persist, with concerns that an external review would settle lingering doubts about the reserves.

After the comments, gold and silver prices steadied, as investors weighed geopolitical tensions against expectations for higher interest rates.