Gold prices will benefit from soaring U.S. deficits and mounting fiscal instability, even if no near-term crisis occurs, according to analysts at the World Gold Council (WGC). “With the passing of the One Big, Beautiful Bill, the US is staring down an additional US$3.4 trillion in debt over the next decade - and a US$5 trillion lift to the debt ceiling, unless the Trump administration can deliver on its lofty growth forecasts,” they wrote on Tuesday. “Add to that Elon Musk’s launch of the ‘America Party’ and a politically charged backdrop, and the risks, both fiscal and political, are stacking up.” The analysts said ... (full story)