The next trillion matters more for gold than the next Fed rate hike - KITCO

The next trillion matters more for gold than the next Fed rate hike - KITCO

Source: KITCO

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DW NOTE

The US ran a $1.4 trillion deficit through June 2026 — 3% worse than last year — while gold fell 17% from its January peak. The deficit is structural spending, not cyclical risk. If Treasury issuance is what moves gold, the move should be up.

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