Gold Rises; Appeal Grows Amid Uneasy U.S. Fiscal Outlook - WSJ
Gold Rises; Appeal Grows Amid Uneasy U.S. Fiscal Outlook - WSJ
Source: WSJ
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DW NOTE
The U.S. fiscal deficit is projected at $1.9 trillion for 2026 — 6% of GDP with rates held at 3.5–3.75%. Gold is up 12.9% in a month not because investors suddenly discovered inflation risk, but because Treasury auctions at these rates with these deficits require buyers who don't care about return of capital.