Analysts at Bank of America suggested that as the U.S. Treasury seeks to manage higher debt levels, gold could take the mantle as the ultimate safe haven.
With the looming record highs of debt-to-GDP ratio, the need for the Treasury to issue more bonds may create a scenario where investors find gold more appealing.
Despite bond yields rebounding after recent Federal Reserve rate cuts, gold's price has surged, indicating a shift in investor sentiment towards precious metals amid economic uncertainty.
In light of ongoing fiscal pressures, analysts argue that concerns over U.S. funding needs may lead to a growing perception of gold as a safe haven asset.
[
Collection
]
[
|
...
]