macro

Sovereign Debt: The Secret of Gold That Governments Don't Tell - WEEX

Source: WEEX

―

DW NOTE

The US federal government spent $1.4 trillion more than it collected through June — 3% worse than last year's pace — while the 10-year Treasury yield sits at 4.77%. Gold is down 15.8% from its January peak of $5,318. If gold were the hedge against sovereign profligacy that crypto exchanges like to claim in their blog copy, it would be making new highs, not giving back a third of the year's gains while the deficit accelerates.

Read the full story at WEEX →

EM debt fares well amid US Treasury selloff - EnterpriseAM

Gulf Producers Find Workarounds As Hormuz Tensions Persist

Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

Sovereign Debt: The Secret of Gold That Governments Don't Tell - WEEX

Read more

EM debt fares well amid US Treasury selloff - EnterpriseAM

Gulf Producers Find Workarounds As Hormuz Tensions Persist

Gold SWOT: Large asset managers are rebuilding their gold positions following price pullback - KITCO

"The Treasury Picked a Fight Gold Can Win" -Macro Trader - SilverTrade