The biggest risk to gold is: Elon Musk!
Recently, macro trend blogger and economist David Woo stated in an interview that if Musk wants to fulfill his promise to cut a trillion dollars in fiscal spending, he can only start with defense spending, as the U.S. defense industry is a major "cash cow." The fiscal hawks have a very weak advantage in Congress, which is bound to hinder the work of DOGE. The outlook for debt and inflation may continue to rise, which could be beneficial for gold
Recently, macro trend blogger and economist David Woo stated in an interview that if Musk wants to fulfill his promise to cut a trillion dollars in fiscal spending, he can only start with defense spending, as the U.S. defense industry is a major "cash cow." The fiscal hawks have a very weak advantage in Congress, which is bound to hinder the work of DOGE. The outlook for debt and inflation may continue to rise, which could be favorable for gold.