Gold futures hit May highs as fiscal concerns offset yields. - CME Group
Gold futures hit May highs as fiscal concerns offset yields. - CME Group
Source: CME Group
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DW NOTE
Gold hit May highs — still 12% below January's all-time high — while the Strait of Hormuz remains closed and the fiscal deficit runs at 6% of GDP. Markets are pricing neither the supply shock nor the debt spiral. They're pricing a return to normal that isn't coming.