Gold back on path to $5,000/oz as U.S. debt fears rise, Natixis says (GLD:NYSEARCA) - Seeking Alpha

Gold back on path to $5,000/oz as U.S. debt fears rise, Natixis says (GLD:NYSEARCA) - Seeking Alpha

Source: Seeking Alpha

DW NOTE

Natixis thinks gold hits $5,000 on U.S. debt fears. Gold is currently at $4,703 — down 11.6% from its January high of $5,318 — while the Strait of Hormuz enters day 133 of effective closure and oil falls 27%. The debt wasn't the trade; the supply shock was, and it's already reversing.

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