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.