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U.S. funding crisis could propel gold prices to new highs even after debt ceiling deal
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 ... (full story)
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- Jun 16, 2025 3:14pm Posted byFundamental Analysis253
