While the attention of the world is fixed on the Israel-Iran conflict, geopolitics has once again proven a fickle driver for gold prices, with the yellow metal sliding back below $3,400 per ounce on Monday. According to Adrian Day of Adrian Day Asset Management, the critical countdown for precious metals markets isn’t for a nuclear deal in the Middle East, but for a debt deal in the United States. “The U.S. Treasury is facing a funding crisis, because the debt ceiling hasn't been raised yet, and because the Biden administration left the incoming Trump administration with literally an empty cupboard,” Day said in an ... (full story)