IMF's Gita Gopinath Urges US To Address Debt And Policy Uncertainty - IndiaWest Journal News

IMF's Gita Gopinath Urges US To Address Debt And Policy Uncertainty - IndiaWest Journal News

India-West News DeskWASHINGTON, DC – In a significant warning the International Monetary Fund’s Deputy Managing Director Gita Gopinath has called on the United States to urgently curb its “excessively large” fiscal deficits and tackle its “ever-increasing” debt burden. Her remarks, published in an interview with The Financial Times, underscore growing international concern over the U.S. economic trajectory.Gopinath’s statements come just days af…

Gold Breaks Above $3,300 as U.S. Debt and Geopolitical Tensions Trigger Safe-Haven Surge

Gold surged past the $3,300 mark on Wednesday, propelled by mounting concerns over U.S. debt sustainability, a weakening dollar, and simmering geopolitical tensions in the Middle East. The precious metal extended its rally for a third consecutive day, with spot Gold (XAUUSD) last trading at $3,312.77 an ounce and U.S. gold futures settling at $3,313.50. Investor demand for safe-haven assets skyrocketed as Moody’s recent downgrade of U.S. soverei…

The price of gold rose for the fourth day in a row on Thursday, reaching its highest level in about two weeks. The price of the precious metal has recently been supported by increased investor concerns about the growing debt burden of the United States. Reuters reported. The spot price of gold reached $3,340.53 (€2,950.74) per troy ounce (31.1 grams) on Thursday. This means an increase of 0.8 percent and the highest level since May 9. Later, it …

Global markets started the new day with a rise in US bond yields. The US long-term (thirty-year bond) borrowing rate rose above 5%, reaching its peak in the last 1.5 years, while the 10-year benchmark rate rose to its peak in the last three months at 4.6% this morning. There are two major developments behind this rise....