Gold, silver prices likely to surge on debasement trade: Report - Mid-Day
Gold, silver prices likely to surge on debasement trade: Report - Mid-Day
Source: Mid-Day
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DW NOTE
The January high of $5,318 was reached during maximum uncertainty about whether Hormuz would reopen at all. Gold is now rallying off a period when investors mistakenly priced in rapid normalisation that never came. With mine clearing still months away and oil supply forecast down 4.3 million barrels per day for 2026, the debasement trade isn't speculation — it's recognition that governments will print rather than reform when energy shocks meet fiscal deficits running at 6% of GDP.