Gold Holds Drop as Mideast Risks, Waller Remarks Boost Headwinds - Bloomberg.com
Gold Holds Drop as Mideast Risks, Waller Remarks Boost Headwinds - Bloomberg.com
Source: Bloomberg.com
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DW NOTE
Fed Governor Waller wants tighter policy while the US deficit sits at $1.25 trillion for fiscal year 2026 to date, heading toward $1.9-2 trillion by year-end. Gold has fallen 24.7% from its January high of $5,318 to $4,003, which makes sense only if you believe central banks can drain liquidity while governments add trillions in borrowing without consequence.