100% it will be good for gold.
Imagine deficit spending on the back of further tax cuts.
A 10% tariff could send inflation skyrocketing higher, stalling growth and sending investors into safe haven investments.
Safe havens like government bonds will start to lose market share as investors begin to fear sovereign default risk.
Where else will capital flow?
The USD?
Will investors bid up the USD as the US balance sheet rapidly deteriorates in a broad-based US recession?
100% it will be good for gold. Imagine deficit spending on the...
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Last
$2.13 |
Change
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Mkt cap ! $2.847B | |||
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