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Debt Spiral Could Launch Gold Higher—Even With a Ceiling Deal
As geopolitics continue to steal headlines, the real catalyst for gold prices might be lurking in Washington. The federal government is on the verge of a funding crisis that, combined with the towering national debt, could send gold soaring. According to influential asset manager Adrian Day, a deal on the debt ceiling issue wouldn’t be enough to shield the economy from the country’s fiscal debacle. That’s a grim forecast for traditional markets but a potentially major tailwind for the yellow metal. The volatile state of geopolitics has had an undeniable impact on gold’s years-long rally as central banks ... (full story)
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- Jul 1, 2025 7:50pm Posted byFundamental Analysis245
