Rising Government Debt Extends Gold’s Appeal Beyond Fed Rate Cuts - Crux Investor
Rising Government Debt Extends Gold’s Appeal Beyond Fed Rate Cuts - Crux Investor
Source: Crux Investor
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DW NOTE
The federal deficit is running at 6% of GDP while the Fed holds rates at 3.90% against 3.4% consumer inflation — real yields are negative and Treasury issuance is accelerating. Gold isn't pricing rate-cut hopes; it's pricing the certainty that Washington will inflate rather than default.