Trump Doubts Fort Knox Gold as Lawmakers Push Audit Transparency Act

President Trump on May 13 speculated the U.S. gold at Fort Knox may have been stolen, citing discussions with Elon Musk on auditing reserves and noting 'they steal a lot.' This builds on his May 10 interview reviving audit calls to 'knock on the vault door,' with no initial gold price reaction. Sen. Mike Lee and House members introduced the Gold Reserve Transparency Act for a comprehensive audit and 50-year transaction disclosures, challenging Treasury Secretary Scott Bessent's annual verification claims. Fort Knox holds ~147 million ounces (59% of U.S. reserves), part of ~8,100 tonnes valued at $42/oz since 1972; policy risks could sway XAUUSD.