Huge money printing is coming. Gold is going up because of what everyone can see. But would Trump or Kamala have a bigger deficit if elected? This analyst thinks Trump will be twice as bad if elected. We’ve said it for some time now, a politician in America can’t be elected unless he promises free stuff, lower taxes, etc…. All of which ad to the deficit and bring us closer to financial collapse.
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Gold is maintaining its strength despite rising U.S. Treasury yields and slightly easing geopolitical tensions, with the driving force for gold tied to bets on a potential Trump victory in the presidential election, Pepperstone strategist Dilin Wu says.
The analyst noted the "alarming" U.S. fiscal situation, with the deficit hitting $1.8T for the fiscal year ending in September; while both presidential candidates are touting expansionary fiscal policies, Wu says a sweep for Trump could see U.S. debt skyrocket by $7.5T over the next decade, more than double the $3.5T forecast under a potential Harris administration.
Given the "Trump trade," the path of least resistance for gold seems to be upward, according to Wu.
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