Gold Is 23% Off Its Peak as US Interest Costs Top $1 Trillion - discoveryalert.com
Gold Is 23% Off Its Peak as US Interest Costs Top $1 Trillion - discoveryalert.com
Source: discoveryalert.com
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DW NOTE
The U.S. paid $1.05 trillion in net interest last fiscal year — more than it spent on defense — while the 10-year yield climbed to 5.24%. Gold fell 22% from its January peak as real rates turned positive for the first time since 2022. When borrowing costs exceed the inflation rate, there's no monetary reason to own zero-yielding assets.