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

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.

Read the full story at CME Group →