While the U.S. deficit hasn't been an issue yet, the continued expansion of debt-to-gross domestic product should be another tailwind. Macro Intelligence 2 Partners also notes that gold's recent slumber -- it has dipped 0.2% since peaking on Oct. 30 -- likely caused investors to sell in favor of other assets. "With the price starting to show signs of life again...if these sellers want their positions back, they are going to have to chase the price," the firm writes.
Maybe the planets have aligned after all.
Write to Ben Levisohn at Ben.Levisohn@barrons.com
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(END) Dow Jones Newswires
January 24, 2025 17:31 ET (22:31 GMT)
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