⛏ Federal Debt Hits 100% of GDP

Gold in focus: Five forces changing the market
Gold has returned to the centre of the commodities market conversation. Economic uncertainty, geopolitical tensions and changing asset allocation behaviour are recasting who buys gold, why they buy it and how physical demand is met. We see five trends driving this shift. Read on »

Federal Debt Hits 100% of GDP
The U.S. national debt reached 100% of gross domestic product for the fiscal year that ended Sept. 30, hitting the triple-digit mark for the first time since 1946. The federal government had previously reported that the publicly held debt as of Sept. 30 was $32.2 trillion. With the release of economic output for third quarter Thursday, that figure equaled 100% (100.03%, to be exact), of gross domestic product over the fiscal year. Read on »

Gold rises from one-year low on softer oil prices; U.S. midterms in focus
“Weaker oil prices have provided some relief ... in terms of reducing inflation ​concerns. But the market is still expecting a December rate hike from the Fed, although those odds have lessened a little bit over the last couple of trading sessions,” said Peter Grant, vice president and senior metals strategist at ​Zaner Metals, adding that the dollar was providing a little bit of a tailwind too. Read on »