Gold’s Rally Past $4,600 Is All About US Debt Fear
Spot gold has closed above $4,600 and above the key 200-day moving average for the first time in months, even as long-term Treasury yields remained elevated. This decoupling is perhaps the most important signal in
Gold just hit a new high price because people are worried about how much money the U.S. government owes. When people get nervous about big problems like debt, they often buy gold because they think it's safer to hold.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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