In recent days, gold has again hit new price records of $ 1,670 an ounce, while silver is trading between $ 40 and $ 42 an ounce in hopes of repeating its $ 50 record this year. Russian and Chinese politicians have expressed their clear displeasure with the US intention to continue accumulating its debt. … Read moreGold can help solve debt problems
The decision to raise the U.S. public debt ceiling will put strong pressure on the dollar and the Treasury market. In the short term, this could lead to a correction in gold prices. Following the public announcement of a US national debt deal, the price of gold fell slightly. The price of gold may fall … Read moreHow the US debt decision will affect gold
Even if the U.S. national debt ceiling is raised, gold and silver will still have good growth prospects. The rise in U.S. public debt will put pressure on the Federal Reserve System (FRS) to monetize debt. But recently, gold and silver have been pressured by the news that a potential political compromise has been found … Read moreU.S. government debt and gold price
The price of gold has fallen slightly following news that Washington politicians have found common ground to raise the ceiling on U.S. national debt. The August contract fell $ 4.20 (0.3%) to $ 1596.90 an ounce. U.S. President Barack Obama has said he is ready to approve a $ 100 million short-term increase in government … Read moreGold fell after the decision on the U.S. national debt
China has called on the United States to take responsible measures to improve confidence in the dollar in the midst of the U.S. debt crisis, thus expressing investor fears about a possible U.S. default. The call came at a time when representatives of U.S. political parties were debating a plan to raise the country’s public … Read moreChina is worried about the U.S. national debt