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Interest on Debt Hits $1 Trillion: What This Could Mean for Gold Prices

Published 01/26/2024, 02:24 AM
XAU/USD
-0.52%
GC
-0.66%
US10YT=X
0.22%

Interest Payments on the Debt Hit $1 Trillion. As a percentage of federal income and federal spending, it is closing in on all-time highs.

This could matter for Gold and markets when it exceeds the 1940s and 1990s peaks or when the bond market takes another leg lower and the 10-year yield hits or surpasses 5%.

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Latest comments

Derick LimJan 29, 2024, 11:49
Plenty of liquidity in the market.... everyone is making profits......except the short
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